Key Market Indicators
Cypriot Fish Production is on track to reach approximately 9,700 metric tons by 2028, up from around 8,400 metric tons in 2023. This marks an average annual growth rate of 2.3%. Since 1979, the country's fish supply has consistently seen an average yearly increase of 2.8%. In contrast, Cypriot Fish Consumption is projected to decrease over the next five years. By 2028, consumption is expected to drop to roughly 4,200 metric tons from about 4,500 metric tons in 2023. This represents an average annual decline of 0.8%. Since 2019, fish consumption in Cyprus has been falling at an annual rate of 1.1%. In 2023, Cyprus ranked 129th in global fish consumption, with Botswana surpassing it at the same level of 4,500 metric tons. Japan, the Philippines, and Thailand occupied the second, third, and fourth positions, respectively, in this ranking.
