Key Market Indicators
Papua New Guinea's fish production is projected to reach approximately 6,250 metric tons by 2028, up from around 6,170 metric tons in 2023. This represents a modest annual growth rate of 0.2% in compound annual growth rate (CAGR). Since 1993, the country's fish supply has seen a steady increase of 0.5% per year. Meanwhile, fish consumption in Papua New Guinea is expected to rise to nearly 125,000 metric tons by 2028, compared to about 121,000 metric tons in 2023. This indicates a CAGR of 0.6% annually. Since 2019, the nation's demand for fish has grown by 0.7% each year. In 2023, Papua New Guinea ranked 35th worldwide in fish consumption. Colombia slightly surpassed it with the same consumption figure of around 121,000 metric tons. Japan, the Philippines, and Thailand were prominent in this ranking, holding the second, third, and fourth positions respectively.
