The crustacean production in China demonstrates a stable growth trend over the past decade. In 2023, it stood at 7.15 million metric tons. From 2014 to 2023, the production volume increased from 6.53 to 7.15 million metric tons, showcasing resilience and a moderate growth pattern. Significant yearly variations include a notable dip of -16.55% in 2020, likely due to external disruptions, followed by a robust rebound of 21.12% in 2021. The last five years recorded a consistent CAGR of 0.48%, reflecting steady industry growth.
Future trends to watch for include:
- Expected production growth to reach 7.34 million metric tons by 2028 with a forecasted 5-year CAGR of 0.41%.
- Monitoring potential market disruptors or innovations in the aquaculture sector that could impact production dynamics.
