Key Market Indicators
**Iceland's Fish Production to Soar by 2028** Reykjavík, Iceland – Iceland's fish production is on a robust upward trajectory, set to surge from approximately 73,000 metric tons in 2023 to around 124,000 metric tons by 2028. This represents an impressive compound annual growth rate (CAGR) of 8.3%. Since 1980, Iceland's fish supply has seen a dramatic increase, jumping by 30.6% year on year. **Steady Rise in Fish Consumption** On the consumer front, Iceland's fish consumption is projected to grow modestly. By 2028, consumption is expected to reach nearly 16,000 metric tons, up from about 15,400 metric tons in 2023. This marks a CAGR of 0.4%. Since 2019, the nation's demand for fish has risen by 0.5% annually. **Global Consumption Rankings** In the global context, Iceland ranked 98th in fish consumption in 2023, with Cuba narrowly ahead at an equal 15,400 metric tons. Leading the rankings were Japan, the Philippines, and Thailand, occupying the second, third, and fourth positions, respectively.
