In 2023, China's aquaculture production of marine and partly-marine species stood at $70.75 billion, reflecting a 3.42% increase from the previous year. Vietnam, showing a robust growth of 11.85%, and Chile, with a 3.07% rise, followed with values of $11.36 billion and $10.75 billion respectively. Norway's production increased by 3.4% to $9.1 billion. While Indonesia saw a slight decline of 0.77%, Malaysia experienced a significant surge of 44.1%, reaching $3.61 billion. South Korea's production remained almost unchanged, and Thailand's decreased marginally by 0.87%.
Other notable performances include the United Kingdom's 5.56% growth and Mexico's 8.32% rise. Iceland showed a remarkable jump of 33.39%, whereas more modest increases were observed in New Zealand, Australia, and the United States. Countries like Italy and the Netherlands faced declines of 3.77% and 5.44% respectively. Despite smaller market sizes, countries such as Colombia and Slovenia exhibited noteworthy growth rates.
Looking ahead, the global aquaculture sector is expected to continue growing, driven by technological advancements, increasing consumer demand for seafood, and sustainable practices. Key trends to watch include innovations in aquaculture technology, shifts towards sustainable and eco-friendly practices, and the rising importance of emerging markets. The impact of climate change on marine ecosystems and the regulatory landscape will also be critical factors influencing future production and trade dynamics.
Top countries in Aquaculture Production of Marine and Partly-Marine Species by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 70,750 | 2023 | +2.73% | +3.42% | View data |
| 2 | 2 Vietnam | 11,360 | 2023 | +8.02% | +11.85% | View data |
| 3 | 3 Chile | 10,750 | 2023 | +7.34% | +3.07% | View data |
| 4 | 4 Norway | 9,100 | 2023 | +3.49% | +3.4% | View data |
| 5 | 5 Indonesia | 7,030 | 2023 | +2% | -0.77% | View data |
| 6 | 6 Malaysia | 3,610 | 2023 | +14.71% | +44.1% | View data |
| 7 | 7 South Korea | 2,850 | 2023 | +1.77% | -0.0011% | View data |
| 8 | 8 Thailand | 1,900 | 2023 | -0.011% | -0.87% | View data |
| 9 | 9 Philippines | 1,850 | 2023 | +0.43% | +0.65% | View data |
| 10 | 10 United Kingdom | 1,820 | 2023 | +6.76% | +5.56% | View data |
