The forecasted import value of fresh or chilled live scallops to the US is projected to increase gradually from $58.849 million in 2024 to $60.954 million in 2028. This reflects a steady year-on-year growth of approximately 0.9% to 1% annually. As of 2023, the actual data indicates that the import value was slightly below $58.849 million, marking a positive upward trajectory.
The compound annual growth rate (CAGR) over the five-year forecast period is estimated at around 0.9%. This projection suggests steady demand and a stable market for fresh or chilled live scallops in the US.
Future trends to watch for include potential shifts in consumer preferences towards sustainable and locally sourced seafood, changes in international trade policies or tariffs, and advancements in aquaculture technology that may affect the supply chain and pricing strategy.
