Based on the provided data, the crustaceans export volume in South Korea experienced significant fluctuations from 2014 to 2023. In 2023, the export volume stood at 110.74 thousand metric tons, showing a slight decrease of 1.35% from the previous year. The Compound Annual Growth Rate (CAGR) for the past five years shows an average annual decline of 1.71%.
Key variations over the years include:
- 2014-2015: Slight increase of 0.46%
- 2015-2016: Significant drop of 33.22%
- 2016-2017: Rebound with a 27.4% increase
- 2017-2018: No change
- 2018-2019: Small decline of 3.05%
- 2019-2020: Major drop of 18.16%
- 2020-2021: Recovery with a 12.88% increase
- 2021-2022: Moderate growth of 3.82%
- 2022-2023: Slight decline of 1.35%
Future trends to watch for include potential impacts of climate change on marine life, shifts in global demand, and changes in South Korean fisheries policies. Monitoring these factors could provide insights into the ongoing and future performance of crustacean exports.
