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Fisheries In Bangladesh

Fisheries Statistics in Bangladesh 2016-17

Bangladesh is one of the world’s leading fish producing countries with a total production of 41.34lakh MT, Where aquaculture contributes 56.44 percent to total production. Last 10 years average growth performance of this sector is almost 5.43 percent. Government is trying to sustain this growth performance, which eventually ensures to achieve the projected production target of 4.55 million MT by 2020-21. According to FAO statistics 2016, Bangladesh is ranked 5th in world aquaculture production.

Bangladesh has recorded surplus fish production with an annual output of 41.34 lakh MT against a demand of 40.50 lakh MT in 2016-17. Bangladesh has achieved self-sufficiency in fish production. The target of fish production was 40.50 lakh MT in 2016-17, But it crossed the target by producing 41.34 lakh MT fish in Bangladesh. It’s a big achievement for the country.

Fisheries Statistics in Bangladesh 2016-17

This sector is contributing significantly in food security through proving safe and quality animal protein; almost 60 percent animal protein comes from fish. It contributes 3.61 percent to our national GDP and around one-fourth (24.41 percent) to the agricultural GDP. More than 11 percent of total population of Bangladesh are engaged with this sector on full time and part time basis for their livelihoods. This sector also has high potential for the perspective of economic development of the country. Bangladesh earns a considerable amount of foreign currencies by exporting fish, shrimps and other fisheries products. Bangladesh exports frozen shrimp and other fish and fisheries products to more than 50 countries, including Belgium UK, Netherlands,Germany, USA, China, France, Russian Federation, Japan and Saudi Arabia. In 2016-17,the country earns BDT 42876.40 million by exporting almost 68.31 Thousand MT of fish and fisheries products. This success is due to export of quality shrimp introducing HACCP procedure and traceability regulation according to the requirement of European Union(EU) and USA.

Over the last three decades, the fish production is increased more than five times (7.54 MT in 1983-84 to 41.34 lakh MT 2016-17). The overall growth performance from inland aquaculture shows a moderate increased trend due to dissemination of improved technology packages and supportive/need based extension service at farmer’s level. During the last eight years, the aquaculture production became more than double (10.63 lakh MT in 2008-09 to 23.33 lakh MT in 2016-17).

Fisheries in Bangladesh have both prospects and challenges. Fisheries sector represents one of the most productive and dynamic sectors in Bangladesh. The fisheries sector of Bangladesh is playing an increasingly significant role in the economy for the last few decades. Bangladesh has achieved remarkable progress in the fisheries sector since its independence in 1971. Fisheries sector is contributing a very significant role in the socioeconomic development, and deserve potential for future development in the agrarian economy of Bangladesh. It contributes 3.61 percent to our national GDP and around one-fourth (24.41 percent) to the agricultural GDP.