The UAE crustaceans market saw significant fluctuations in recent years. The data shows volume growth from 6.78 thousand metric tons in 2014 to 9.28 thousand metric tons in 2023. Notably, there were sharp variations: a peak growth of 24.19% in 2015, a steep decline of 12.88% in 2017, and another decline of 15.87% in 2020. The market began recovering from 2021, seeing a 16.13% rise, reaching a modest growth of 1.31% by 2023. The five-year CAGR from 2018 to 2023 stood at 1.72%. For the future, a 1.04% CAGR is forecasted from 2024 to 2028, implying a stable yet gradual growth trajectory. This slower, steady growth is projected to culminate in a total of 9.88 thousand metric tons by 2028.
- 2023: 9.28 thousand metric tons
- 5-year CAGR (2024-2028): 1.04%
- Last two years variation (2022-2023): 1.31%
Future trends to watch for include potential impacts from sustainable fishing regulations, changes in consumer demand for seafood, and market responses to economic fluctuations and trade policies. Monitoring these factors will be crucial for anticipating shifts in the UAE crustacean market.
