Key Market Indicators
The country was number 92 in 2021, Singapore overtook with 5,490 Metric Tons. Indonesia, India and Vietnam respectively were numbers 2, 3 and 4 in this ranking. Fish production in the Solomon Islands is expected to drop slightly over the next five years. In 2021, the country produced 5,490 metric tons of fish, a 1.2% decrease from the preceding year. This marks a 12.3% decrease from 1989's figures. Singapore topped the 2021 rankings, followed by Indonesia, India and Vietnam. Fish consumption in the Solomon Islands is forecast to decline by 1.5% year-on-year, from 11.3 thousand metric tons in 2021 to 10.51 thousand metric tons by 2026. This follows a 3.1% decrease from 2017. Singapore topped the 2021 rankings, followed by Indonesia, India and Vietnam.
Improve your Knowledge with the latest Indicators and Trends
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