Key Market Indicators
Singapore's shrimp import is expected to increase 1.6% annually, reaching 10,865,000 kilograms by 2026. This is up from 9,910,700 kilograms in 2021 when the country ranked 23rd. Malaysia was ahead at the time, while China, Spain and Japan were ranked second, third and fourth respectively. Meanwhile, Singaporean shrimp exports are forecast to grow at a rate of 0.1% per year, to reach 1,248,400 kilograms by 2026. This is up from 1,238,500 kilograms in 2021 when Singapore placed 44th. Sri Lanka was ahead at the time, with Ecuador, Argentina and Indonesia ranking second, third and fourth respectively. Since 1994, Singaporean supply has grown by 1.3% each year.
Singapore Shrimp Market Data and Forecasts
How much will Singapore Shrimp Market grow to 2026?More in Shrimp Industry for 2027
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The worldwide appetite for seafood, including shrimp, continues to rise driven by shifting consumer dietary preferences towards healthier protein sources. Equally fundamental to the evolving market landscape is the steadily growing intrigue surrounding cleaner, more ecological food production methods, thus setting a conducive growth stage for organic shrimp. This preference...Read more