Current forecasts point to a slowdown in global fish supply in 2023, with total production increasing by just 0.6 percent on 2022 levels to 185.4 million tonnes. While aquaculture output is expected to rise by around 3 percent, this is significantly lower than the previous growth rate of the sector. Capture fisheries meanwhile have been constrained by weather events and reduced quotas and are expected to decline by some 1.7 percent or 1.5 million tonnes from last year. Slowing production has already been reflected in reduced trade volumes, which are projected to fall to 65 million tonnes in 2023.

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