In 2024, Norway continues to dominate global aquaculture production with a significant share of 40.67 million USD, driven by a year-on-year growth of 2.57% from 2023. Japan follows with 22.67 million USD, despite a slight decline of 0.061% year-on-year. The Philippines shows promising growth at 2.79%, reaching 10.32 million USD. The United Kingdom sees a notable increase of 4.71%, taking its share to 6.87 million USD. New Zealand and Switzerland exhibit robust growth, with variations of 4.31% and 4.81% respectively. Iceland reports the highest year-on-year growth at 13.83%, although its total share remains modest at 0.94 million USD.
Canada, Australia, and France show mixed performances, with Canada experiencing a slight decline of 0.54%, while Australia and France report moderate growth at 0.35% and 1.31% respectively. The Netherlands and Sweden see declines of 3.88% and 3.73% respectively. Minor players such as Belgium and Argentina report notable declines of 30.21% and 7.33% respectively.
Future trends to watch for include continued dominance by Norway and potential growth in emerging markets like Iceland and Switzerland. Additionally, fluctuations in environmental policies and technological advancements in sustainable aquaculture could shape future production shares. Close attention should also be paid to potential market shifts in traditionally strong regions like Japan and the United Kingdom. Moreover, the impact of economic factors and trade regulations will be crucial for long-term growth and stability in global aquaculture production.
Top countries in Total Aquaculture Production Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 40.67 | 2023 | +3.11% | +2.57% | View data |
| 2 | 2 Japan | 22.67 | 2023 | +0.36% | -0.061% | View data |
| 3 | 3 Philippines | 10.32 | 2023 | +1.83% | +2.79% | View data |
| 4 | 4 United Kingdom | 6.87 | 2023 | +2.64% | +4.71% | View data |
| 5 | 5 Canada | 4.56 | 2023 | +1.77% | -0.54% | View data |
| 6 | 6 Australia | 4.32 | 2023 | +2.1% | +0.35% | View data |
| 7 | 7 New Zealand | 4.32 | 2023 | +3.78% | +4.31% | View data |
| 8 | 8 France | 3.73 | 2023 | +0.55% | +1.31% | View data |
| 9 | 9 Iceland | 0.94 | 2023 | +5.28% | +13.83% | View data |
| 10 | 10 Costa Rica | 0.48 | 2023 | +0.46% | +0.45% | View data |
