Fish & Seafood - Timor-Leste

Timor-Leste

Highlights

Revenue in the Fish & Seafood market amounts to US$142.30m in 2024. The market is expected to grow annually by 6.76% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$97bn in 2024).
In relation to total population figures, per person revenues of US$103.10 are generated in 2024.
In the Fish & Seafood market, volume is expected to amount to 14.88m kg by 2029. The Fish & Seafood market is expected to show a volume growth of 7.7% in 2025.0.
The average volume per person in the Fish & Seafood market is expected to amount to 8.5kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fish & Seafood Market in Timor-Leste is experiencing subdued growth, influenced by factors such as limited availability of fresh fish and seafood, lack of infrastructure for processing and distribution, and low consumer purchasing power. However, the market is expected to grow with increasing investments in the industry, rising demand for high-quality seafood, and government initiatives to promote sustainable fishing practices.

Customer preferences: Consumers in Timor-Leste are becoming more health-conscious, leading to a growing demand for fresh and sustainably sourced seafood. This trend is also being driven by the country's cultural preferences for traditional seafood dishes. Additionally, with an increasing number of young professionals and expatriates in the country, there is a growing demand for ready-to-eat seafood products that cater to their busy lifestyles. As a result, there has been a rise in the availability of pre-packaged and convenient seafood options in the market, catering to the changing consumer preferences.

Trends in the market: In Timor-Leste, the Fish & Seafood Market is experiencing a rise in demand for sustainable and ethically sourced seafood products. This trend is driven by an increasing awareness of the importance of preserving marine resources and supporting local fishermen. As a result, there has been a shift towards traceable and environmentally-friendly fishing practices. This trajectory is significant for industry stakeholders, as it presents opportunities for differentiation and market growth. However, it also poses challenges for small-scale and traditional fishermen who may struggle to meet the requirements for sustainable certification. Companies operating in this market must adapt to these trends and invest in sustainable sourcing to stay competitive.

Local special circumstances: In Timor-Leste, the Fish & Seafood Market is heavily influenced by the country's geographical location. Being an island nation, the market relies heavily on seafood as a major source of sustenance and income. Additionally, the country's strong fishing culture has led to the development of traditional fishing methods and techniques, which have shaped the local seafood industry. Furthermore, government regulations and policies aimed at promoting sustainable fishing practices have also played a significant role in shaping the dynamics of the Fish & Seafood Market in Timor-Leste. These unique local factors set Timor-Leste's market apart from others and have a strong impact on its growth and development.

Underlying macroeconomic factors: The Fish & Seafood Market in Timor-Leste is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. The country's reliance on agriculture and fisheries as key economic drivers, combined with its limited resources and infrastructure, can impact market performance. Additionally, fluctuations in global seafood prices, trade policies, and foreign investments can greatly affect the supply and demand for fish and seafood products in Timor-Leste. Moreover, the country's growing population and increasing demand for healthy and protein-rich food options are also driving the growth of the Fish & Seafood Market.

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.