The import of fresh or chilled crabs to the US has consistently declined from 2017 to 2021. In 2017, imports stood at 1.1537 million kilograms, progressively reducing to 0.14127 million kilograms by 2021. When considering the variation year-on-year, there was a significant reduction each year, with the most substantial decrease between 2020 and 2021. The Compound Annual Growth Rate (CAGR) over this period indicates a sharp decline in imports, reflecting changing market dynamics and possibly increased local sourcing or changes in consumption habits.
Looking forward to 2024 and beyond, several trends warrant attention:
- Potential shifts in consumer preferences toward local or alternative seafood sources.
- Environmental and sustainability concerns affecting both demand and regulatory policies.
- Impacts of global trade agreements or tariffs on import levels.