The total volume of crustaceans in Oceania has shown fluctuating trends over the past decade. After a marked decline from 2014 to 2015, the market saw a moderate recovery in 2016. Significant growth occurred in 2017, followed by stable volumes in 2018 and a slight decline in 2019. The year 2020 experienced a notable downturn, but the market rebounded strongly in 2021. The growth continued with moderate increases in both 2022 and 2023, with the latter year standing at 136.16 thousand metric tons.
The year-on-year variation in percentages over the last two years indicates a mild upward trend (0.66%), while the CAGR over the previous five years stands at 0.46%. Forecasted data suggests steady, albeit slow, growth in volume through 2028, with a predicted CAGR of 0.54% and an overall growth rate of 2.75%.
Future trends to watch for include environmental impacts on crustacean habitats, technological advancements in aquaculture, and potential shifts in consumer demand driven by economic factors and changes in dietary patterns.
