Fresh Fish - Suriname

Suriname

Highlights

Revenue in the Fresh Fish market amounts to US$5.54m in 2024. The market is expected to grow annually by 10.54% (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$8.82 are generated in 2024.
In the Fresh Fish market, volume is expected to amount to 303.80k kg by 2029. The Fresh Fish market is expected to show a volume growth of 5.0% in 2025.0.
The average volume per person in the Fresh Fish market is expected to amount to 0.4kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Fish Market in Suriname is experiencing minimal growth due to factors such as limited consumer awareness, lack of technological advancements, and traditional buying habits. Despite this, the market is slowly expanding as more consumers become health-conscious and seek convenient online fish purchasing options.

Customer preferences: Consumers in the Fresh Fish Market of the Fish & Seafood Market within The Food market are increasingly prioritizing sustainable and ethically-sourced fish and seafood products. This shift is driven by growing awareness and concern for the environment and animal welfare. Additionally, there is a growing demand for locally-sourced and organic options, as consumers prioritize supporting small-scale and independent fishermen. This trend is also influenced by the cultural significance of fresh fish in Suriname, where it is a staple in traditional cuisine.

Trends in the market: In Suriname, the Fresh Fish Market of the Fish & Seafood Market within The Food market is experiencing a rise in demand for sustainably sourced and locally caught fish. Consumers are becoming more conscious of their environmental impact and are seeking out fish that is caught using sustainable methods. This trend is expected to continue, with consumers becoming more educated about the importance of sustainable fishing practices. This will have significant implications for industry stakeholders, who will need to adapt their operations to meet this demand and potentially invest in sustainable fishing practices. Additionally, there may be opportunities for partnerships with conservation organizations to promote sustainable fishing and increase consumer awareness.

Local special circumstances: In Suriname, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's geographical location and cultural traditions. Suriname's abundant coastline and rivers make it a prime location for fishing, leading to a strong supply of fresh seafood. The country's diverse cultural influences, including Creole, Hindustani, and Javanese, contribute to a wide range of seafood dishes and cooking styles. Additionally, regulations on sustainable fishing practices and seafood quality control ensure that Suriname's Fresh Fish Market remains a reliable and trusted source for high-quality seafood.

Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Suriname is heavily influenced by macroeconomic factors. Global economic trends, national economic health, fiscal policies, and other financial indicators all impact the performance of this market. For example, countries with favorable economic conditions and strong investment in the seafood industry are experiencing faster market growth compared to regions with economic challenges and limited funding for the food sector. Additionally, the increasing demand for healthy and sustainable food options is driving the growth of the Fresh Fish Market, as consumers become more conscious of their food choices and the impact on the environment. This trend is likely to continue as global demand for seafood continues to rise, particularly in emerging markets.

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.