From 2013 to 2023, the production volumes of Fishing and Aquaculture in the US have demonstrated fluctuations. 2013's volume stood at $5.29 billion, with slight declines and modest rebounds marked over the decade. Notable drops occurred, particularly in 2020, likely influenced by COVID-19, dropping 16.55% year-on-year. The volume rebounded by 14.32% in 2021 to $4.77 billion. By 2023, the production volume was relatively steady at $5.01 billion, showing a marginal decrease of 0.12%. Despite fluctuations, the 5-year CAGR till 2023 was relatively stable at -0.096%, reflecting minor overall changes.
Looking forward from 2024 to 2028, the forecast indicates a gradual decline with a 5-year CAGR of -0.09%, suggesting the sector will experience slight contractions. Monitoring technological advancements in sustainable aquaculture practices and regulatory changes are key future trends to watch.
