Consumer sentiment remains poor despite improved economic prospects in both the United States and the European Union. The years 2021 to 2023 saw the highest inflation rates in decades, and although economic growth and employment have exceeded expectations, consumer confidence remains affected by concerns for diminished purchasing power. This cautious sentiment has particularly impacted the demand for fisheries products, with many choosing other, oftencheaper, protein sources. The FAO Fish Price Index (FPI) remained stable at 119 points in February 2024, indicating a balance between elevated prices for capture fisheries products and lower average prices for aquaculture products. Notably, farmed shrimp prices have dropped considerably, marking a 31 percent decrease over the past decade.

Read more analysis on the global fish economy and in-depth analysis for 13 species and commodity groups in the full publication.