Production to remain stagnant in 2023. In what has proven to be a challenging year for the fisheries and aquaculture sector, with supply generally tight, weak demand and notable shifts in trade patterns. Economic factors, particularly inflation and changing consumer preferences, are influencing the industry, resulting in stagnant consumption and production. Read more in the full publication.

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...

The expansion of aquaculture will persist and is envisaged to reach 96 million tonnes in 2023, approximately a 2.8 percent rise from 2022. However, this projected growth rate is slightly lower than the sector's historical average; between 2015 and 2021 year-on-year growth averaged 3.7 percent between 2015 and 2021. While the growth of species like salmon and tilapia has decelerated, others such as pangasius and shrimp are undergoing progressive expansion. Escalating production costs, particularly for...

Uncertain outlook in 2023 amid high prices and variable supply Global fish production increased by 1.2 percent in 2022, which, combined with higher prices for a number of important traded species, led to a significant increase in trade value. While the growth in aquaculture was lower than previous rates, an annual increase of 2.6 percent means that an additional 2.4 million tonnes of farmed fish were produced in 2022. Capture fisheries production declined slightly to 92.1...

Production and trade grew slightly, with fish consumption recovering to 2018 levels due to strengthening demand. Global fish production increased by 1.2 percent in 2022 to 184.1 million tonnes. Output from aquaculture will grow by 2.6 percent, remaining marginally behind its long-term growth rate of 3.3 percent between 2015 and 2020.