In 2023, Saudi Arabia imported 14.58 million kilograms of frozen shrimps and prawns. From 2024 onwards, forecasted data indicates a consistent year-on-year growth. The imports are expected to reach 15.023 million kilograms in 2024, up by 3.03% from the previous year. This upward trajectory continues over the forecasted period with increases of 3.08% in 2025, 2.94% in 2026, 2.80% in 2027, and 2.67% in 2028. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 stands at approximately 2.91%, reflecting steady growth.
Future trends to watch for:
- Potential impacts of changes in trade policies and import tariffs.
- Shifts in consumer preferences towards seafood in Saudi Arabia.
- Supply chain disruptions or innovations affecting import volumes.
- Environmental regulations affecting shrimp and prawn farming globally.
