Fresh Seafood - Suriname

Suriname

Highlights

Revenue in the Fresh Seafood market amounts to US$2.12m in 2024. The market is expected to grow annually by 9.11% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$12bn in 2024).
In relation to total population figures, per person revenues of US$3.37 are generated in 2024.
In the Fresh Seafood market, volume is expected to amount to 57.62k kg by 2029. The Fresh Seafood market is expected to show a volume growth of 2.7% in 2025.0.
The average volume per person in the Fresh Seafood market is expected to amount to 0.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Seafood Market in Suriname has seen a marginal growth rate, influenced by factors such as limited access to technology, low health awareness, and lack of online services. Despite this, the market remains a vital part of the Fish & Seafood Market in The Food market, catering to local demand for fresh seafood.

Customer preferences: Consumer preferences in Suriname's Fresh Seafood Market are heavily influenced by cultural traditions and preferences. Surinamese consumers tend to prefer locally sourced seafood, as it is seen as fresher and more sustainable. However, there has been a growing trend towards imported seafood, particularly from Asian countries such as China and Vietnam. This shift is driven by changing lifestyles and increasing demand for convenience, as well as a growing interest in international cuisine. Additionally, there has been a rise in demand for sustainable and ethically sourced seafood, as consumers become more conscious of their environmental impact. This has led to a greater emphasis on certifications and labels that guarantee sustainable fishing practices.

Trends in the market: Currently, there is a growing trend in Suriname's Fresh Seafood Market of the Fish & Seafood Market within The Food market towards sustainability and transparency. This is driven by consumers' increasing awareness and concern for the environment and ethical sourcing of seafood products. As a result, industry stakeholders are implementing more sustainable fishing practices, promoting traceability and labeling systems, and providing information on the origin and production methods of their seafood. This trend is expected to continue and have significant implications for the market, including the potential for increased consumer trust, improved market access for sustainable products, and potential challenges for smaller, less transparent businesses.

Local special circumstances: In Suriname, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's geographic location and rich biodiversity. Suriname's location on the northern coast of South America makes it a prime location for seafood production and export. Additionally, the country's cultural heritage, with a strong emphasis on seafood in traditional dishes, drives demand for locally sourced seafood. Moreover, regulations and policies promoting sustainable fishing practices contribute to the unique dynamics of the market, with a focus on quality and eco-friendly products.

Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by macroeconomic factors, including global economic trends, national economic health, fiscal policies, and relevant financial indicators. In countries with strong economic growth and stable fiscal policies, the market is expected to experience significant growth due to increased consumer spending power and demand for high-quality seafood products. Additionally, factors such as technological advancements and investment in the seafood industry, as well as changing dietary preferences towards healthier and sustainable food options, are driving the growth of the market. However, regions with economic instability and limited funding for the seafood industry may experience slower market growth. Moreover, the rise in environmental concerns and regulations related to sustainable fishing practices are also shaping the seafood market in Suriname and globally.

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.