The production of fresh and frozen fish and shellfish in the US has experienced several fluctuations over the past decade. Between 2013 and 2023, volume trends revealed both increases and declines, marked by significant year-on-year variations. In 2017, a notable increase of 17.3% was observed, followed by a decrease in 2018 and a sharp decline in 2020. Although production levels in 2023 remained the same as in 2022, showing no year-on-year growth, the Compound Annual Growth Rate (CAGR) over the previous five years depicted a positive trajectory at 0.53%.
As for future trends, the forecasted data suggests stabilization in production volumes, remaining constant at around 2.28 billion pounds from 2023 to 2028. The forecasted five-year CAGR from 2024 is projected to be minimal at 0.03%, indicating very slight growth. Key trends to watch for in the future include the impact of sustainable fishing practices, advancements in aquaculture technology, and possible regulatory changes that could affect production volumes.
