Fresh Fish - Haiti

Haiti

Highlights

Revenue in the Fresh Fish market amounts to US$156.30m in 2024. The market is expected to grow annually by 12.49% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$57bn in 2024).
In relation to total population figures, per person revenues of US$13.17 are generated in 2024.
In the Fresh Fish market, volume is expected to amount to 4.00m kg by 2029. The Fresh Fish market is expected to show a volume growth of 4.4% in 2025.0.
The average volume per person in the Fresh Fish market is expected to amount to 0.3kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Fish Market in Haiti is seeing mild growth due to factors such as increasing demand for fresh seafood, rising health consciousness, and the convenience of online marketplaces. This growth is impacted by the availability of high-quality, locally-sourced fish and the growing popularity of sustainable fishing practices.

Customer preferences: As consumer health awareness grows, there is a noticeable shift towards sustainable and locally-sourced seafood options in the Fresh Fish Market of the Fish & Seafood Market within The Food market market. This trend is driven by a desire for transparency in food production and a preference for supporting small, independent fishermen. Additionally, the emphasis on ethical and environmentally-friendly practices has led to an increase in demand for certified organic and fair trade seafood products.

Trends in the market: In Haiti, the Fresh Fish Market of the Fish & Seafood Market within The Food market is experiencing a noticeable shift towards sustainable fishing practices and sourcing locally caught fish. This trend is driven by consumer demand for ethically sourced seafood and a desire to support small-scale fishermen. As a result, there has been an increase in certifications for sustainable fishing practices and the development of community-based fisheries management programs. This trajectory towards sustainability is significant as it promotes responsible fishing practices and supports the local economy. However, it may also pose challenges for industry stakeholders, such as increased competition and potential supply chain disruptions. Overall, the trend towards sustainability in the Fresh Fish Market of the Fish & Seafood Market within The Food market in Haiti is likely to continue as consumers become more aware and conscious of their seafood choices.

Local special circumstances: In Haiti, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's geography and culture. Being a small island nation, the availability and variety of fish and seafood are greatly impacted by the surrounding Caribbean Sea. Additionally, Haitian cuisine heavily relies on seafood, making the Fresh Fish Market a vital aspect of the local food scene. However, the market faces challenges due to limited infrastructure and government regulations, affecting supply and demand dynamics. This creates a unique market environment, different from other seafood markets in the region.

Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Haiti is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Haiti's economy heavily relies on agriculture, with fisheries being a significant contributor to the country's GDP. However, the lack of modern fishing techniques and infrastructure, as well as limited access to international markets, hinder the growth of the Fresh Fish Market in Haiti. Additionally, political instability and natural disasters have also impacted the country's economic performance, further affecting the market. Despite these challenges, the increasing demand for seafood products globally presents an opportunity for the Fresh Fish Market in Haiti to grow, provided there is investment in modernizing the fishing industry and improving export capabilities.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.