In 2023, Indonesia led the global prepared or preserved crustaceans and molluscs export market, with a significant share of 24.78%. This market showcased a year-on-year growth for Indonesia by 14.92%, primarily driven by increased demand. India, also saw a substantial increase in its share by 17.27%, reflecting a growing export capacity. Conversely, Thailand and Japan experienced declines, with values dropping by 0.85% and 1.61% respectively. Notable negative growth rates were observed in Russia and Norway, with significant decreases of 18.96% and 14.38%, largely due to geopolitical tensions and market saturation.
Insights into future trends reveal that:
- The industry is expected to continue its expansion in Asian export-heavy countries, as rising demand from Europe and North America for sustainable sea products becomes more pronounced.
- Environmental regulations and seafood sustainability concerns may divert trade flows, benefiting countries with stringent environmental practices.
- Technological advancements in seafood preservation are likely to influence market dynamics by improving product shelf life and quality.
Top countries in Prepared or Preserved Crustaceans and Molluscs Exports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 24.78 | 2023 | +7.83% | +14.92% | View data |
| 2 | 2 Thailand | 15.25 | 2023 | +2.47% | -0.85% | View data |
| 3 | 3 India | 15.07 | 2023 | +13.15% | +17.27% | View data |
| 4 | 4 Netherlands | 9.65 | 2023 | +0.74% | +3.39% | View data |
| 5 | 5 Japan | 7.64 | 2023 | +4.22% | -1.61% | View data |
| 6 | 6 Denmark | 6.13 | 2023 | +5.72% | -1% | View data |
| 7 | 7 Peru | 4.69 | 2023 | +12.03% | +0.96% | View data |
| 8 | 8 Belgium | 2.3 | 2023 | +4.15% | -1.3% | View data |
| 9 | 9 South Korea | 2.14 | 2023 | +0.71% | +2.87% | View data |
| 10 | 10 United Kingdom | 1.75 | 2023 | +1.84% | +0.91% | View data |
