Key Market Indicators
Bahamian Fish Production is projected to rise to 1.2 metric tons by 2028, up from 1 metric ton in 2023. This represents an annual growth rate of 2.5%. However, it's important to note that since 1989, Bahamian fish supply has seen a significant decline, dropping by 31.5% year on year. In contrast, Bahamian fish consumption is expected to decrease. By 2028, consumption is forecasted to fall to approximately 3,070 metric tons, down from 3,470 metric tons in 2023. This marks an average annual decline of 1.9%. Since 2019, Bahamian fish demand has decreased by 2.1% each year. In 2023, the Bahamas ranked 137th in global fish consumption, with Guyana surpassing it at 3,470 metric tons. Japan, the Philippines, and Thailand occupied the second, third, and fourth positions respectively in this ranking.
