In 2024, South Korea leads the global aquaculture production with a significant share of 44.91%, followed by Norway at 25.99%. The United States holds the third position with 8.12%, while Spain and Russia take up 5.52% and 4.5% respectively. Other noteworthy contributors include Canada (3.3%) and Colombia (3.11%). Smaller shares are seen in Italy (2.28%), Ireland (0.6%), and Costa Rica (0.38%). Eastern European countries such as the Czech Republic (0.36%), Hungary (0.31%), and Estonia (0.019%) contribute minimally. Israel, Portugal, and select South American countries like Argentina display minor contributions, impacting less than 1% each.
Key trends to watch:
- South Korea, Norway, and Colombia demonstrate strong year-on-year growth rates of 3.58%, 3.02%, and 7.22% respectively, indicating their expanding dominance in the sector.
- Russia shows a significant positive shift with a 5.95% increase, suggesting a growing role in global aquaculture.
- Spain, Italy, and Israel are experiencing slight declines, necessitating strategies to mitigate further losses.
- Emerging countries like Estonia and Slovenia show promising growth trends at 4.36% and 3.87% respectively.
Future trends to look out for include technological advancements driving efficiency in countries with established production capabilities, as well as potential market disruptions like environmental regulations and climate change impacts. Additionally, emerging markets may see increased investment and technological adoption, which could shift the current production share dynamics.
Top countries in Total Aquaculture Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 44.91 | 2023 | +2.98% | +3.58% | View data |
| 2 | 2 Norway | 25.99 | 2023 | +2.17% | +3.02% | View data |
| 3 | 3 United States | 8.12 | 2023 | +0.52% | +1.04% | View data |
| 4 | 4 Spain | 5.52 | 2023 | +1.15% | -0.81% | View data |
| 5 | 5 Russia | 4.5 | 2023 | +3.38% | +5.95% | View data |
| 6 | 6 Canada | 3.3 | 2023 | +1.16% | +0.82% | View data |
| 7 | 7 Colombia | 3.11 | 2023 | +3.8% | +7.22% | View data |
| 8 | 8 Italy | 2.28 | 2023 | -1.08% | -0.77% | View data |
| 9 | 9 Ireland | 0.6 | 2023 | -1.1% | -0.26% | View data |
| 10 | 10 Costa Rica | 0.38 | 2023 | -0.00043% | +0.018% | View data |
