Iran has developed an investment plan aimed at attracting funding to expand its caviar production to more than 140 metric tons in the near future, - stated Nasser Karami-Rad, a senior official of the Iran Fisheries Organization.
Considering fish farming a highly profitable sector, Iran’s caviar production rose by 17% in the past Iranian year (March 21, 2024, to March 20, 2025), increasing from 21.6 to 25.1 metric tons (mt). The provinces of Gilan, Mazandaran, and Fars emerged as the leading regions in caviar production.
Caviar, which is made from the roe (eggs) of sturgeon fish, is now more widely available to consumers due to the growing supply of farmed sturgeon.
According to IRNA, approximately 7.5 metric tons of caviar were exported through Iranian customs, with additional quantities taken abroad by travellers. Iranian farmed caviar was exported to 28 countries, with key destinations including the United Arab Emirates (UAE), Qatar, and Belgium, noted Nasser Karamirad, a senior official at the Iran Fisheries Organization.
In the previous Iranian calendar year, ended on 20 March, 2024, Iran exported 4.784 tons of farmed caviar. The latest figures represent a substantial year-on-year improvement in export performance.
With 3,704,500 kg of caviar, valued at $127.86 million, China became the world's largest exporter of caviar and its equivalents.
With exports of $90.68 million, the European Union came in second, and Japan came in third with $64.52 million.
Italy and Germany contributed substantially to the world caviar trade, exporting $27.15 million and $46.56 million, respectively.
In terms of imports, the United States was the largest buyer of caviar, bringing in $48.3 million in 2023, a significant 17.25% increase from the previous year. Although their imports decreased over the year, France and Germany were the two other major importers, bringing in $15.1 million and $14.5 million worth of caviar, respectively. In contrast, caviar imports in the United Kingdom and the United Arab Emirates increased by 27.48% and 28.22%, respectively, year over year.
IRAN'S FISHERY SECTOR
Iran’s fishery sector demonstrated robust growth, with exports reaching 196,000 metric tons valued at $372 million, according to a report from the Islamic Republic of Iran Customs Administration (IRICA), as reported by local media.
Arezou Ghanion, Deputy Director of IRICA's Statistics and Data Processing Office, noted a significant year-on-year increase, with fishery exports rising by 29% in volume and 17% in value compared to the previous year.
The primary drivers of this export success were shrimp, tuna, and carp, which together constituted a substantial 64 percent of the total export volume and 65 percent of the overall export value within the fishery category.
Notably, China, Iraq, and the United Arab Emirates (UAE) emerged as the top three destinations for Iranian fishery products during the reported year, underscoring the strong international demand for Iran's seafood.
Shrimp exports, in particular, accounted for a substantial portion of the total export value, with the aforementioned trio of nations serving as key markets.
Looking ahead, Iran has set ambitious targets to further boost its fishery exports, aiming to achieve $1.0 billion in annual revenue by the Iranian year 1404 (March 2025–March 2026).
This goal is underpinned by strategic plans to increase total fishery production to 2.6 million metric tons—a significant rise from the 1.5 million metric tons recorded in the previous year.
The expansion of fish farming activities, including the development of additional cage aquaculture systems and the adoption of advanced breeding techniques, is expected to play a key role in reaching these targets.
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Iran has rejected claims it has been weakened, vowing instead “more crushing” attacks against the United States and Israel. President Masoud Pezeshkian also warned that Israel is fabricating threats about Iran, as the Strait of Hormuz remains closed affecting the global energy market.
Iran has strongly condemned U.S. President Donald Trump’s threat to bomb the country “back to the Stone Age”, calling his remarks an example of “war crimes and genocide.”
International law experts from across the U.S., including Harvard, Yale and Stanford, have signed an open letter saying the strikes on Iran may amount to war crimes. America and Israel began airstrikes on 28 February on Iran's capital, Tehran.
Russian Foreign Minister Sergei Lavrov discussed safety of navigation in the Strait of Hormuz by telephone with Iran’s Foreign Minister Abbas Araghchi on Thursday, the Russian foreign ministry said. A statement on the ministry website said the call had taken place at the initiative of Iran.
Fears of wider escalation grow despite President Donald Trump saying U.S. strikes on Iran could end within weeks. Meanwhile missile attacks, tanker incidents and rising casualties across Israel, Lebanon and the Gulf heighten risks to regional stability and energy routes.
There are fears of an oil spill after a drone strike hit a Kuwaiti oil tanker near Dubai on Tuesday, while U.S.-Israeli strikes in Iran reportedly killed at least two people. A loud explosion was heard in Beirut in southern Lebanon early Wednesday, as oil prices climbed above $100 a barrel.
Four astronauts blasted off from Florida on Wednesday on NASA's Artemis II mission, a high-stakes voyage around the moon that marks the United States' boldest step yet toward returning humans to the lunar surface later this decade in a race with China.
An earthquake of magnitude 7.6 struck in Indonesia's Northern Molucca Sea on Thursday, killing one person, damaging some buildings and triggering tsunami waves, authorities and witnesses said.
President Donald Trump staunchly defended his handling of the month-old U.S.-Israeli war on Iran in a prime-time address on Wednesday, saying the U.S. military was nearing completion of its mission while also reinforcing his threats to bomb the Islamic Republic back to the Stone Age.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
China's three largest state-owned airlines have issued warnings regarding their financial outlook for the current year, acknowledging that the eruption of war involving Iran has driven jet fuel prices to unsustainable highs.
Stock markets across Asia fell on Monday as escalating conflict involving Iran drove oil prices sharply higher, fuelling fears of inflation and a potential global recession, with investors reacting to disruption risks in the Strait of Hormuz and prolonged hostilities.
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