In 2023, Russia led global exports of human-edible crustaceans flours, meals, and pellets with a significant year-on-year growth of 23.13%. Vietnam, a strong player with a 19.23% market share, experienced moderate growth. Argentina, China, and Thailand saw slight declines, indicating potential challenges. The U.S. also observed a downturn. Notably, Japan experienced an exceptional growth of 8.24%, although its market share remains small. Overall, the market is highly concentrated, with a few countries dominating, while others show mixed trends.
Looking ahead, expect shifts influenced by ecological, economic, and technological factors. Sustainable practices and emerging markets may alter dynamics, while geopolitical factors could influence major exporters' shares.
Top countries in Human-Edible Crustaceans Flours, Meals and Pellets Exports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 26.14 | 2023 | +17.1% | +23.13% | View data |
| 2 | 2 Vietnam | 19.23 | 2023 | +2.3% | +3.29% | View data |
| 3 | 3 Argentina | 9.17 | 2023 | +6.61% | -2.1% | View data |
| 4 | 4 China | 8.02 | 2023 | +2.04% | -3.83% | View data |
| 5 | 5 Thailand | 6.89 | 2023 | -0.85% | -3.2% | View data |
| 6 | 6 United States | 6.33 | 2023 | +3.5% | -3.96% | View data |
| 7 | 7 Netherlands | 5.85 | 2023 | +2.74% | +2.41% | View data |
| 8 | 8 Australia | 4.82 | 2023 | +8.69% | -0.49% | View data |
| 9 | 9 Denmark | 4.48 | 2023 | +1.82% | +2.5% | View data |
| 10 | 10 Spain | 4.01 | 2023 | +2.92% | +1.65% | View data |
