Key Market Indicators
Lao Fish Production is on track to hit approximately 166,000 metric tons by 2028, up from around 144,000 metric tons in 2023. This represents an average annual growth rate of 2.3%. Since 1968, the country’s fish supply has seen a steady increase, growing at an average rate of 4% per year. In contrast, Lao Fish Consumption is projected to decline. By 2028, consumption is expected to drop to about 280 metric tons, down from roughly 320 metric tons in 2023, reflecting a compound annual growth rate (CAGR) of -2.1%. The trend has been downward since 2019, with demand decreasing by an average of 1.8% per year. In 2023, Laos ranked 159th in fish consumption worldwide, with Malawi slightly ahead at roughly 320 metric tons. Leading the consumption rankings were Japan, the Philippines, and Thailand, occupying the second, third, and fourth spots, respectively.
