Key Market Indicators
New Zealand's fish production is projected to climb to approximately 127,000 metric tons by 2028, up from around 120,000 metric tons in 2023. This marks an average annual growth rate of 0.9%. Historical data reveals that since 1965, the country's fish supply has increased by an average of 2.9% per year. In terms of fish consumption, New Zealand is expected to reach about 26,000 metric tons by 2028, maintaining a steady level from 2023. The Compound Annual Growth Rate (CAGR) for consumption has been stagnant at 0%. Since 2019, demand for fish in the country has seen a slight decline of 0.3% annually. In 2023, New Zealand ranked 80th in global fish consumption, with Guatemala surpassing it with the same consumption figure of 26,000 metric tons. Leading the rankings were Japan, the Philippines, and Thailand, occupying the second, third, and fourth positions respectively.
