The forecast for U.S. imports of fish, crustaceans, molluscs, and aquatic invertebrates shows a consistent upward trend from 2024 to 2028. In 2023, the imports stood at an actual value of 20.5 billion USD. Year-on-year, the import value is expected to grow by approximately 2.4% in 2024, with moderate increases each subsequent year, culminating in a value of nearly 23 billion USD by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected at about 2.27%.
Future trends to watch for include:
- Impact of sustainable fishing practices and regulations on supply chain dynamics.
- Potential trade policy adjustments influencing import tariffs and agreements.
- Technological advancements in aquaculture that could alter import source countries.
- Shifting consumer preferences towards diverse and exotic seafood options.
