Key Market Indicators
Fish production in Kenya is slated to reach 16,000 metric tons by 2026 at an average rate of 0.8% year-on-year growth. Since 1965, fish production has declined by 0.4% year-on-year. In 2021, Kenya was ranked 67th in the world, overtaken by Israel at 15,000 metric tons. Indonesia, India and Vietnam were respectively ranked 2nd, 3rd and 4th in the world. Fish consumption in Kenya is expected to reach 21,300 metric tons by 2026 at a compound annual growth rate of 2.1%. Since 2017, fish consumption has increased by 1.2% year-on-year.
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An analysis of seasonal comprehensive and standard reports highlights several important trends in Vietnam's fishery industry. Predominantly, the industry continues to grow remarkably in its contribution to the national GDP. Notably, aquaculture - farming of fish, crustaceans, and aquatic plants, sees the fastest pace of growth. Also, the reports indicate...Read more
Over the years, there has been significant expansion in aquatic agriculture, driven by increasing global demand for seafood and the decline in capture fisheries. The industry has witnessed steady growth rates estimated to outpace the growth of land-based agriculture. Technological advancement and innovation within the sector, emphasizing sustainability, efficiency, and...Read more
The international exchange of fish and seafood goods is displaying an upward trajectory propelled by robust consumer demand. The significant role of globalization and technology advancements in transportation and preservation techniques have galvanized cross-border trade. Aquaculture, or fish farming, is emerging as a prosperous segment supplying a substantial portion of...Read more
At present, the global market of fish processing is underpinned by an escalating demand for processed fish products, largely due to enhancing health consciousness and a growing preference for ready-to-eat meals. It also benefits from consistent technological advancements which are largely focused on enhancing the efficiency and sustainability of fish...Read more