The historical data indicates a substantial increase in crustacean production in Saudi Arabia from 2014 to 2023, with the production volume rising from 25.46 thousand metric tons to 60.83 thousand metric tons. The yearly growth rate has fluctuated, peaking with a remarkable 41.96% in 2017, followed by a stabilization and slight dip in 2020 (-13.64%). However, the recent trend shows recovery with a 3.42% year-on-year growth in 2023.
Future trends to watch:
- The forecast indicates a continuous but moderate growth in production up to 71.17 thousand metric tons by 2028, with a 5-year forecasted CAGR of 2.52% and an overall growth rate of 13.26%.
- Monitoring advancements in aquaculture technology and sustainable practices will be crucial for maintaining and enhancing growth rates in the future.
- Global market conditions and domestic policy changes could influence production volumes.