Key Market Indicators
Fish production is projected to rise to approximately 1,290 metric tons by 2028, up from about 1,030 metric tons in 2023. This represents an average annual growth rate of 3.6%. Historically, the supply has seen a significant increase, growing at an average rate of 9.9% per year since 1988. In contrast, fish consumption is expected to decline slightly. By 2028, it is anticipated to reach around 39,000 metric tons, down from roughly 41,000 metric tons in 2023. This marks an average annual decrease of 0.7%. Since 2019, fish demand has dropped by an average of 1.2% per year. In 2023, the country ranked 66th in fish consumption globally, with Belgium slightly ahead at approximately 41,000 metric tons. Leading the rankings were Japan, the Philippines, and Thailand, occupying the second, third, and fourth positions, respectively.
