Key Market Indicators
Nepal's fish production is projected to rise significantly, reaching approximately 186,000 metric tons by 2028. This marks an increase from around 121,000 metric tons in 2023, with an annual growth rate of 6.7%. Historical data reveals a robust upward trend since 1971, with production growing at an average rate of 13% per year. In contrast, fish consumption in Nepal is expected to decline. By 2028, consumption is forecasted to drop to about 260 metric tons, down from 320 metric tons in 2023. This represents an average annual decrease of 3.5% since 2019, where the country has seen a yearly reduction of 3.4% in fish consumption. In 2023, Nepal ranked 159th globally in fish consumption. Laos surpassed Nepal with a consumption of 320 metric tons. Japan, the Philippines, and Thailand occupied the second, third, and fourth spots in the global rankings, respectively.
