The US curred fish and shellfish production has shown significant fluctuations from 2013 to 2023. Production peaked at 25 million pounds in 2014 and 2018 but saw substantial declines in other years, including a notable drop to 12 million pounds in 2016. For 2023, the production value stood at 23 million pounds, showing stability compared to the previous year. The CAGR over the last five years was low at -1.65%, indicating marginal year-on-year declines overall.
Future projections from 2024 to 2028 show a modest growth trend, with production expected to rise from 23.16 million pounds in 2024 to 23.87 million pounds in 2028. The forecasted 5-year CAGR is 0.61%, with an overall growth rate of 3.07% during this period.
Trends to watch for in the future include:
- Market demand fluctuations and their impact on production levels.
- Technological advancements and their role in boosting production efficiency.
- Regulatory changes affecting the fish and shellfish farming industry.
