Key Market Indicators
Azerbaijan's fish production is projected to see a marginal increase, reaching approximately 510 metric tons by 2028. This is a slight rise from the 510 metric tons recorded in 2023, reflecting a stagnant growth rate of 0% annually. Historical data since 1997 indicates a modest average annual increase of 1.3% in fish supply. On the consumption side, the country's demand for fish is expected to grow more robustly. Azerbaijani fish consumption is forecasted to hit 24,000 metric tons by 2028, up from nearly 21,000 metric tons in 2023. This represents an average annual growth rate of 2.3%. Since 2019, the nation's fish consumption has been rising at an average rate of 2.8% per year. In the global context, Azerbaijan ranked 90th in fish consumption in 2023. Bulgaria surpassed Azerbaijan with a consumption of roughly 21,000 metric tons. Leading the global ranking were Japan, the Philippines, and Thailand, occupying the second, third, and fourth positions, respectively.
