The forecast for the import of prepared or preserved shrimps and prawns to Singapore shows a steady increase from 14.267 million kilograms in 2024 to 16.45 million kilograms by 2028. Previous actual data indicate that the volume stood at 13.769 million kilograms in 2023. Analyzing the year-on-year variation, there is a noticeable increment: 3.94% from 2024 to 2025, 3.73% from 2025 to 2026, 3.51% from 2026 to 2027, and 3.33% from 2027 to 2028. The compound annual growth rate (CAGR) stands at approximately 3.74% over these five years.
Future trends to watch for include potential impacts from changes in global seafood supply chains, technological advancements in preservation methods, shifts in consumer preferences towards sustainable seafood, and potential regulatory changes affecting imports. Keeping an eye on these factors will be crucial for understanding the trajectory of import volumes in the coming years.
