The import of fresh or chilled shrimps and prawns to Singapore is forecasted to decrease steadily over the upcoming years. The value is projected to decline from $27.557 million in 2024 to $24.015 million by 2028. In 2023, the import value for fresh or chilled shrimps and prawns stood at $28.5 million, indicating a notable downward trend. Over the last two years, there has been a year-on-year decrease: in 2023 to 2024 by approximately 3.4%, and from 2024 to 2025 by roughly 3.3%. The compound annual growth rate (CAGR) over the next five years is -3.3%, indicating a consistent annual decline.
Future trends to watch for include the potential impact of sustainable seafood practices, changes in consumer preferences, and possible fluctuations in global shrimp and prawn supply due to environmental and geopolitical factors. Additionally, advancements in aquaculture technologies and shifts in trade policies could further influence import trends in the coming years.
