In 2024, South Korea dominates the market for global human-edible crustaceans flours, meals, and pellets imports with a substantial share, followed by Taiwan and Norway. The import value share indicates a strong presence of these countries in the market. South Korea showcased a moderate increase, while Taiwan also experienced growth. Conversely, Norway saw a decline, hinting at shifting dynamics. Mexico marked a significant growth, positioning it as an emerging player. The Czech Republic and Lithuania showed promising growth trajectories.
Future trends to watch include:
- South Korea maintaining its leadership amid strong regional growth.
- Continued expansion in Mexico's market presence due to high growth rates.
- Monitoring Norway's strategy to regain market position.
- Potential opportunities in emerging markets like Lithuania and the Czech Republic.
Top countries in Human-Edible Crustaceans Flours, Meals and Pellets Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 57.27 | 2023 | +3.62% | +3.11% | View data |
| 2 | 2 Taiwan | 18.22 | 2023 | +3.27% | +2.07% | View data |
| 3 | 3 Norway | 4.04 | 2023 | +1.44% | -1% | View data |
| 4 | 4 Switzerland | 3.75 | 2023 | +1.24% | +0.98% | View data |
| 5 | 5 Mexico | 3.74 | 2023 | +7.78% | +13.59% | View data |
| 6 | 6 Poland | 2.47 | 2023 | +2.84% | +5.48% | View data |
| 7 | 7 Iceland | 2.31 | 2023 | +8.18% | -2.12% | View data |
| 8 | 8 Austria | 2.03 | 2023 | +6.26% | +2.44% | View data |
| 9 | 9 Philippines | 1.37 | 2023 | +25.38% | +1.51% | View data |
| 10 | 10 Luxembourg | 0.94 | 2023 | +2.11% | +0.82% | View data |
