Based on the forecast data, US imports of live, fresh, or chilled cold-water shrimps and prawns are expected to exhibit steady growth from 2024 to 2028. The estimated figures demonstrate a consistent year-on-year increase in import value, reflecting strengthening demand, favorable trade agreements, and possible shifts in consumption patterns.
- Year-on-year growth is consistently positive, suggesting ongoing robust demand and market expansion.
- The compound annual growth rate (CAGR) from 2024 to 2028 indicates a healthy average annual growth rate, supporting an optimistic outlook for the shrimp industry.
Future trends to watch for include potential impacts from environmental regulations affecting supply, shifts in consumer preferences towards sustainable seafood options, and global economic conditions that could alter demand dynamics and pricing structures. Monitoring these trends will be crucial for stakeholders in the shrimp industry to adapt strategically.
