Key Market Indicators
Sri Lanka's fish production is projected to reach nearly 40,000 metric tons by 2026, up 2.6% per year on average since 2021. For the past 45 years, the country's supply has grown 1.5% each year. In 2021, Sri Lanka was ranked 47th in the world, with Denmark topping the list at 33,400 metric tons. Indonesia, India and Vietnam followed in second, third and fourth place, respectively. Meanwhile, Sri Lankan fish consumption is expected to dip by 0.5% annually, from 396,740 metric tons in 2021 to 390,790 metric tons in 2026. Since 2017, the nation's demand for fish has decreased 1.8% each 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...Discover more insights
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...Discover more insights
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...Discover more insights
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...Discover more insights