Based on the provided data, the forecasted import value of prepared or preserved shrimps and prawns to the US demonstrates a consistent upward trend from 2024 through 2028. In 2023, the import value stood at 1.771 billion USD. Year-on-year growth rates reveal an increase of approximately 2.5% in 2024, 2.5% in 2025, 2.4% in 2026, 2.3% in 2027, and 2.3% in 2028. Over the last two years, the import growth has maintained an average increase of around 2.5%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to be roughly 2.4%.
Future trends to watch for:
- Shifts in consumer preferences towards sustainably sourced seafood.
- Potential impacts of trade policies and tariffs on import dynamics.
- Advancements in preservation technology improving shrimp and prawn quality.
- Economic fluctuations influencing disposable income and spending on premium imports.
- Changes in global shrimp and prawn supply chains, including production disruptions.
