A systematic review of fish trade and its impact on economic progress: Barriers, opportunities, and outlook for developing countries

Abstract

This study conducts a comprehensive evaluation of fishery commerce effects, with a particular emphasis on developing nations, through a systematic literature review and desk research from 2012 to 2024. The study provides a detailed assessment of the fish trade landscape in these regions by analyzing existing data, official documents, and empirical research. The research reveals a growing global demand for fish, driven by changing dietary preferences and increased health awareness. However, significant challenges impede the sustainable development of the fisheries sector in developing countries. Despite these obstacles, data visualization demonstrates a remarkable increase in developing countries' participation in the global fish market in terms of value and volume. The study identifies substantial untapped potential for these nations to expand their fisheries industry, thereby fostering broader economic growth. Realizing this potential requires a strong emphasis on sustainability, achievable through modernization, stringent regulations, infrastructure improvements, and biodiversity preservation to secure long-term marine investments. The research underscores the importance of engaging all stakeholders in the fishing industry – including workers, shareholders, management bodies, sustainability specialists, and government officials – in developing transparent national and regional policies. This inclusive approach facilitates open dialogue about objectives and necessary trade-offs. The study concludes that sustainable practices and policies in the fish and fisheries sector must be carefully tailored to the specific limitations and advantages of developing countries to ensure balanced and favorable outcomes in future scenarios.