In 2023, the output of seawater aquatic products, including shrimps, prawns, and crabs in China, stood at 3.77 million metric tons. From 2013 to 2023, the industry experienced significant fluctuations. The output increased substantially during the initial period up to 2016, reaching a peak in 2016 before seeing a notable decline in 2017. The industry then experienced modest decreases until 2020. A recovery phase began in 2021 with modest year-on-year increases observed consecutively through 2023. The CAGR from 2018 to 2023 shows a modest increase of 0.5% annually, indicating a slow but steady growth trend.
Future forecasted output suggests a gradual increase, reaching 3.91 million metric tons by 2028, with an anticipated average growth rate of 0.56% annually over the next five years. This reflects a continued stabilization and incremental growth in the industry.
Trends to watch for include:
- Technological advancements in aquaculture that may further boost productivity.
- Environmental regulations and sustainability practices that could impact production volumes.
- Market demand fluctuations, both domestically and internationally, influenced by consumer preferences and economic conditions.
