The global gross tonnage of fishing vessels in 2023 showed a dominant presence by China, significantly ahead of others like Japan, Taiwan, and South Korea. The previous year witnessed varied trends: China decreased by 3.23%, while Brazil and Australia observed significant increases, 10.28% and 8.26% respectively. Noteworthy slight growths were seen in Norway, UK, Argentina, and Colombia. Conversely, Costa Rica had a substantial decline of 14.23%, and Latvia contracted by 6.17%. The five-year compound annual growth rate (CAGR) highlighted Brazil and Australia as markets with strong upward potential, whereas most European nations showed stagnation or slight decline.
Future trends to observe in global fishing vessel tonnage include China's potential recovery from its decline, Brazil's continued expansion, and how international regulations or sustainable fishing practices could affect overall growth, particularly in regions like the EU or resource-rich countries like Norway and Australia.
Top countries in Gross Tonnage of Fishing Vessels by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 9,170 | 2023 | -3% | -3.23% | View data |
| 2 | 2 Japan | 868 | 2023 | -1.25% | -1.35% | View data |
| 3 | 3 Taiwan | 563 | 2023 | -0.18% | -0.28% | View data |
| 4 | 4 South Korea | 516 | 2023 | -1.9% | -0.87% | View data |
| 5 | 5 Norway | 449 | 2023 | +0.9% | +2.7% | View data |
| 6 | 6 Brazil | 261 | 2023 | +8.3% | +10.28% | View data |
| 7 | 7 Mexico | 232 | 2023 | 0% | -1.08% | View data |
| 8 | 8 United Kingdom | 200 | 2023 | +0.5% | +0.93% | View data |
| 9 | 9 Argentina | 182 | 2023 | -0.55% | +0.45% | View data |
| 10 | 10 Chile | 181 | 2023 | +0.56% | -0.11% | View data |
