Home / Agricultural Economy / Agribusiness / SEAFOOD CONSUMPTION, PRODUCTION AND TRADE GROWTH LIKELY TO SLOW OVER THE NEXT DECADE!

SEAFOOD CONSUMPTION, PRODUCTION AND TRADE GROWTH LIKELY TO SLOW OVER THE NEXT DECADE!

Global consumption of seafood will continue to grow over the next decade but at a slower rate, largely due to a projected softening of Asian demand, according to a new report.

The report projects fish and shellfish consumption to reach 21.2 kilograms per capita over the next decade, up from a 20.4-kilogram average between 2020 and 2022.

According to the research, seafood consumption will increase per capita across all continents except Africa, where it projects a decline from 9.8 kilograms – the rate of consumption between 2020 and 2022 – to 9.6 in 2032, with a larger decrease in Sub-Saharan Africa in particular.

However, the OECD and FAO said the decline in African consumption will be relatively small compared to the decline in growth the two organizations project for Asian consumption… 

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