|Publication Year||March, 2019|
The fish feed sector is a manufacturing sector, as products of local production have accounted for approximately 95% of domestic demand in recent years. Nowadays, a limited number of companies operate in the manufacturing sector of fish-feed, while the number of importers is very low. Imports of fish feed are also carried out by some vertically integrated businesses involved in the sector of sea hatcheries (for fish farming purposes).
During the period 2000-2009 fish feed production increased by an average annual rate of 13%. Since then it has reported small annual fluctuations. In 2018 the overall domestic production registered a slight rise (+1.2%).
Fish feed imports have reported a significant decline over the last two decades. Fish feed exports have been very low over time.
The domestic fish feed consumption market increased by 4.3% in 2018 compared to 2017.
Demand is covered by domestic production, while imports of fish feed account for only 5%-6% of the market.