Key Market Indicators
Belizean fish production is projected to reach approximately 735 metric tons by 2028, up from around 645 metric tons in 2023. This represents an average annual growth rate of 2.1%. Historical data indicates that since 1991, Belizean fish supply has seen a yearly increase of 2.3%. On the consumption side, Belize is expected to maintain its fish consumption levels at roughly 2,500 metric tons by 2028, a slight increase from the same figure in 2023. The compound annual growth rate (CAGR) for consumption stands at 0.1%. Since 2019, the demand for fish in Belize has grown at an annual rate of 0.4%. In 2023, Belize ranked 145th globally in fish consumption, with Djibouti slightly ahead at the same consumption level of 2,500 metric tons. Leading the global rankings were Japan, the Philippines, and Thailand, occupying the second, third, and fourth spots respectively.
