Key Market Indicators
Spanish Fish Production is forecasted to reach 348,000 metric tons by 2028, up from approximately 329,000 metric tons in 2023. This represents an average annual growth rate of 0.9%. However, it's notable that since 1965, Spain's fish supply has seen a decline of 1.6% per year on average. On the consumption front, Spanish Fish Consumption is expected to climb to 624,000 metric tons by 2028, rising from around 579,000 metric tons in 2023. This growth translates to an average yearly increase of 1.2%, reflecting a steady rise in demand since 2019, which has been growing at a rate of 1.6% per year. In 2023, Spain ranked 10th globally in terms of fish consumption, with Malaysia surpassing it at approximately 579,000 metric tons. Japan, the Philippines, and Thailand occupied the second, third, and fourth spots, respectively, in the global ranking.
