Key Market Indicators
Armenian fish production is projected to climb to approximately 23,570 metric tons by 2028, up from around 20,290 metric tons in 2023. This marks an average annual growth rate of 2.4%. Since 1997, the country's fish supply has seen a steady increase, rising by 3.6% each year. In contrast, Armenian fish consumption is expected to slightly decline. By 2028, consumption is anticipated to reach 2,170 metric tons, a marginal drop from 2,190 metric tons in 2023, reflecting a 0.1% annual decrease. Since 2019, fish demand in Armenia has decreased by an average of 0.4% per year. As of 2023, Armenia ranked 147th globally in fish consumption, with Guinea-Bissau just ahead at 2,190 metric tons. Leading the global rankings were Japan, the Philippines, and Thailand, occupying the second, third, and fourth positions respectively.
