In 2023, crustaceans production in Spain stood at 13.39 thousand metric tons, showing a slight year-on-year decrease of 1.83%. Notably, the average annual decline over the last five years (CAGR) was 2.11%. Over the past decade, the industry has seen fluctuating trends: a significant drop of 25.23% in 2015, periods of recovery and stability between 2016 and 2018, and a marked contraction in 2020 with an 18.5% decrease. Most recent years show modest fluctuations, indicating a stabilized but declining production scenario.
Future trends to watch for:
- Forecasts predict a continued decline in production, averaging 1.6% annually.
- By 2028, production is expected to drop to 12.06 thousand metric tons, representing a 7.75% decrease over five years.
- Possibility of market adjustments driven by environmental regulations, sustainability efforts, and technological advances in aquaculture.