The global pelagic fish market in 2024 shows significant volume shares by country, with Indonesia leading at 13.83 thousand metric tons. Other notable contributors include Japan (7.68), the Philippines (5.08), and Thailand (3.9). Over the past year, countries such as China (3.31%), Thailand (3.09%), and Malaysia (1.03%) have shown growth, while countries like Russia (-1.72%), India (-4.79%), and Nigeria (-7.12%) have seen declines. Over a five-year CAGR period, trends have been mixed, but there's a notable upward trajectory in several Asian and African markets.
Future trends to watch in the global pelagic fish market include:
• Sustainable fishing practices impacting volume shares.
• Increasing demand for seafood protein in populous regions.
• Climate change affecting pelagic fish populations and distributions.
• Technological advancements in fishing and processing.
• Regulatory changes in major fishing nations.
Top countries in Pelagic Fish Market Size Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 13.83 | 2023 | +0.49% | +0.2% | View data |
| 2 | 2 Japan | 7.68 | 2023 | -0.25% | -0.3% | View data |
| 3 | 3 Philippines | 5.08 | 2023 | -1.67% | -1.39% | View data |
| 4 | 4 Thailand | 3.9 | 2023 | +2.88% | +3.09% | View data |
| 5 | 5 United States | 3.73 | 2023 | -0.47% | -0.43% | View data |
| 6 | 6 South Korea | 3.34 | 2023 | +0.2% | +0.13% | View data |
| 7 | 7 Russia | 3.07 | 2023 | -1.52% | -1.72% | View data |
| 8 | 8 Morocco | 2.68 | 2023 | +1.49% | +1.79% | View data |
| 9 | 9 Malaysia | 2.66 | 2023 | +0.76% | +1.03% | View data |
| 10 | 10 Spain | 2.55 | 2023 | +1.58% | +1.63% | View data |
