Key Market Indicators
Panama's fish production is projected to increase to approximately 7,600 metric tons by 2028, up from around 7,350 metric tons in 2023. This represents an average annual growth rate of 0.6%. However, historical data shows that since 1980, the country's fish supply has experienced a yearly decline of 3.6%. In contrast, Panamanian fish consumption is expected to reach 40,300 metric tons by 2028, rising modestly from 39,640 metric tons in 2023. This translates to an average annual growth rate of 0.3% since 2019. As of 2023, Panama ranked 67th in global fish consumption, with the Republic of the Congo ahead, also consuming around 39,640 metric tons. Leading the rankings are Japan, the Philippines, and Thailand, occupying the second, third, and fourth positions respectively.
