Key Market Indicators
I-Kiribati Fish Production is projected to decline slightly over the next five years, from approximately 32 metric tons in 2023 to about 31 metric tons by 2028. This marks a decrease of 0.3% annually, according to the Compound Annual Growth Rate (CAGR). Historical data shows that since 1989, the nation's fish supply has surged by nearly 75% annually. On the consumption side, I-Kiribati fish consumption is expected to see a modest increase. By 2028, it is anticipated to reach around 6.5 thousand metric tons, up from 6.5 thousand metric tons in 2023, reflecting a 0.2% annual growth in CAGR. Since 2019, the demand for fish in I-Kiribati has also increased by 0.2% each year. In global rankings, I-Kiribati was positioned at number 122 in 2023, with Bosnia and Herzegovina surpassing it with a consumption of 6.5 thousand metric tons. Leading the ranking were Japan, the Philippines, and Thailand, occupying the second, third, and fourth spots respectively.
