The global market for dried, salted or in brine, smoked shrimps and prawns is highly concentrated, with Portugal leading imports, reflecting a 4.38% increase from the previous year. China emerges as a significant contender with an astounding growth of 183.46%, indicating rapid market expansion and rising demand. Despite Sweden holding a substantial share, its market has contracted by 5.29%. Other notable performances include Hungary, with significant growth of 108.8%, and Bulgaria, up by 14.85%. Conversely, Russia and the Philippines have seen declines, signifying market volatility.
Looking forward, China is pivotal for future market dynamics due to its robust growth trajectory. The expansion of trade relationships, augmented by consumer demand in emerging markets, may shift dominating import shares. Monitoring geopolitical developments and trade policies will provide insights into potential market disruptions or opportunities. Furthermore, sustainability concerns are likely to shape production and consumer preferences, influencing global trade patterns.
Top countries in Dried, Salted or in Brine, Smoked Shrimps and Prawns Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 48.08 | 2023 | +4.54% | +4.38% | View data |
| 2 | 2 Sweden | 25.52 | 2023 | +4.23% | -5.29% | View data |
| 3 | 3 China | 17.55 | 2023 | +6.22% | +183.46% | View data |
| 4 | 4 Australia | 1.92 | 2023 | +3.57% | +2.24% | View data |
| 5 | 5 Spain | 1.55 | 2021 | -2.62% | -24.46% | View data |
| 6 | 6 Austria | 0.95 | 2023 | -7.92% | -4.11% | View data |
| 7 | 7 Bulgaria | 0.86 | 2023 | +1.92% | +14.85% | View data |
| 8 | 8 Taiwan | 0.57 | 2023 | +4.25% | -4.82% | View data |
| 9 | 9 Luxembourg | 0.57 | 2021 | -0.6% | -34.05% | View data |
| 10 | 10 Latvia | 0.56 | 2023 | -0.02% | +21.24% | View data |
