Table 4.1 Fish Prices and Production, 2019 - 2024
Period Local Companies Purchase Prices (MVR/kg) International Market Prices (MVR/kg) 1/ Fish Purchases (mt) Total Fish Catch (mt) y/y % change Memorandum items
Skipjack Tuna Yellow fin tuna Iced skipjack tuna Skipjack Tuna Yellow Fin Tuna Bigeye tuna Skipjack Tuna Yellow fin tuna Others Fish Purchases (mt) Skipjack Tuna Yellow fin tuna Others Total Fish Catch (mt) Fish exports (millions of USD)
(8 to 10)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)
2019
18.0
75.4
20.0
13.9
413.9
406.1
81,199.9
49,108.3
30,692.8
1,398.8
135,068.9
2.9
-5.1
20.2
-14.2
-10.6
150.1
2020
14.0
61.1
16.0
21.6
352.3
316.5
79,341.0
52,364.0
26,096.5
880.5
148,583.0
-2.3
6.6
-15.0
-37.1
10.0
155.2
2021
14.0
86.7
16.0
25.4
na
na
88,313.2
70,453.4
16,808.7
1,051.0
144,992.7
11.3
34.5
-35.6
19.4
-2.4
139.9
2022
15.0
57.0
17.0
26.2
na
na
81,033.4
67,936.8
12,890.5
206.0
155,205.4
-8.2
-3.6
-23.3
-80.4
7.0
146.5
2023
23.0
62.9
25.0
22.4
na
na
96,120.4
79,338.5
16,381.6
400.3
160,683.2
18.6
16.8
27.1
94.3
3.5
151.3
2024
14.0
59.5
16.0
23.1
na
na
53,232.0
40,445.5
12,467.4
319.1
na
-44.6
-49.0
-23.9
-20.3
na
82.5
2023 Jan-23
15.0
61.9
17.0
26.2
na
na
11,037.9
9,127.2
1,821.4
89.4
18,686.7
25.4
31.1
2.3
53.1
10.9
15.0
Feb-23
15.0
61.1
17.0
25.9
na
na
12,610.8
10,869.0
1,732.7
9.0
21,006.1
36.3
41.1
14.9
-76.1
39.4
14.3
Mar-23
15.0
53.0
17.0
29.3
na
na
9,361.8
7,576.1
1,766.7
19.1
15,641.6
43.3
40.5
58.7
-38.0
6.8
21.4
Apr-23
15.0
59.8
17.0
30.8
na
na
8,129.9
7,627.6
494.7
7.5
12,996.1
-17.7
-17.8
-15.7
3.1
-22.2
11.7
May-23
15.0
66.1
17.0
30.8
na
na
11,517.2
10,721.3
791.1
4.8
18,722.2
195.8
197.7
183.1
-60.1
165.5
17.6
Jun-23
15.0
71.6
17.0
30.8
na
na
2,957.5
2,260.4
696.3
0.7
4,769.9
-28.0
-31.2
-15.4
-71.9
-54.3
15.5
Jul-23
15.0
81.4
17.0
30.8
na
na
3,130.0
2,546.6
572.5
10.8
5,528.3
38.5
48.5
5.5
433.5
29.7
7.9
Aug-23
15.0
92.3
17.0
30.1
na
na
4,843.1
3,606.5
1,223.0
13.5
7,859.9
8.1
1.2
35.0
12.3
-4.4
5.1
Sep-23
23.0
71.6
25.0
27.8
na
na
4,092.9
2,875.2
1,216.5
1.2
7,061.4
-46.9
-58.4
55.8
-89.7
-60.3
5.0
Oct-23
23.0
52.1
25.0
26.2
na
na
10,585.2
8,246.7
2,306.4
32.1
18,142.5
53.8
45.1
93.0
652.7
29.2
9.9
Nov-23
23.0
52.5
25.0
24.4
na
na
9,898.2
7,357.5
2,444.9
95.8
16,790.9
-0.3
-10.1
41.2
654.2
-0.5
12.4
Dec-23
23.0
62.9
25.0
22.4
na
na
7,955.9
6,524.4
1,315.3
116.2
13,477.7
9.0
15.6
-19.9
715.0
1.9
15.5
2024 Jan-24
23.0
63.0
25.0
22.4
na
na
8,993.1
7,713.5
1,218.1
61.4
na
-18.5
-15.5
-33.1
-31.3
na
9.5
Feb-24
18.0
57.8
20.0
21.6
na
na
8,469.8
7,359.8
1,086.8
23.1
na
-32.8
-32.3
-37.3
155.6
na
11.3
Mar-24
18.0
69.5
20.0
20.0
na
na
6,181.3
4,826.7
1,326.5
28.1
na
-34.0
-36.3
-24.9
47.4
na
7.2
Apr-24
18.0
62.2
20.0
20.3
na
na
3,260.0
2,618.5
633.6
7.9
na
-59.9
-65.7
28.1
5.2
na
8.9
May-24
18.0
57.5
20.0
20.0
na
na
4,890.0
3,717.6
1,165.4
6.9
na
-57.5
-65.3
47.3
45.5
na
8.6
Jun-24
18.0
50.3
20.0
22.8
na
na
2,227.4
1,598.9
608.7
19.9
na
-24.7
-29.3
-12.6
2,593.4
na
6.5
Jul-24
14.0
67.1
16.0
24.7
na
na
562.0
103.8
450.5
7.8
na
-82.0
-95.9
-21.3
-28.2
na
2.9
Aug-24
14.0
62.2
16.0
23.9
na
na
2,517.9
1,703.7
778.3
35.8
na
-48.0
-52.8
-36.4
164.7
na
4.5
Sep-24
14.0
61.2
16.0
19.3
na
na
2,583.0
1,564.8
1,005.9
12.3
na
-36.9
-45.6
-17.3
909.6
na
5.0
Oct-24
14.0
62.0
16.0
21.6
na
na
2,742.2
1,571.8
1,134.7
35.7
na
-74.1
-80.9
-50.8
11.4
na
4.2
Nov-24
14.0
56.1
16.0
23.1
na
na
6,172.4
4,768.2
1,346.0
58.2
na
-37.6
-35.2
-44.9
-39.3
na
7.1
Dec-24
14.0
59.5
16.0
23.1
na
na
4,633.0
2,898.1
1,712.9
22.0
na
-41.8
-55.6
30.2
-81.1
na
6.8
2023 Jan-Dec
23.0
62.9
25.0
22.4
na
na
96,120.4
79,338.5
16,381.6
400.3
160,683.2
18.6
16.8
27.1
94.3
3.5
151.3
2024 Jan-Dec
14.0
59.5
16.0
23.1
na
na
53,232.0
40,445.5
12,467.4
319.1
na
-44.6
-49.0
-23.9
-20.3
na
82.5
Source: Ministry of Fisheries and Ocean Resources; Maldives Customs Service
1/Skipjack prices are based on Bangkok frozen market prices, yellow fin tuna prices are based on Spain Mercamadrid Fresh Market prices and bigeye tuna prices are based on Japanese frozen bigeye tuna prices.