In 2023, China and Denmark dominated global imports of frozen cold-water shrimps and prawns, with China at 46.63% and Denmark at 33.94%. Iceland followed with 6.34%, while other countries held much smaller shares, such as Germany (2.67%) and the United Kingdom (2.65%). The year-on-year data reveals Denmark increased imports by 6.71%, Germany by 10.82%, and Israel saw a significant 42.54% rise. Conversely, imports by the United Kingdom, Malaysia, and Chile declined. Over the past five years, the market has displayed varying degrees of volatility, with changing import preferences and regional economic conditions influencing these shifts.
Looking ahead, notable trends to monitor include potential increases in diversification among importers, driven by global trade policies and sustainability concerns. Additionally, emerging markets like Costa Rica, which showed an 88.78% increase in 2023, could become significant players, influencing global demand and pricing strategies. Environmental and regulatory factors will likely shape the future of shrimp and prawn imports. A focus on quality and sustainable sourcing will increasingly impact market dynamics.
Top countries in Frozen Cold-Water Shrimps and Prawns Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 46.63 | 2023 | +10.62% | +3.31% | View data |
| 2 | 2 Denmark | 33.94 | 2023 | +0.29% | +6.71% | View data |
| 3 | 3 Iceland | 6.34 | 2023 | +6.17% | -3.19% | View data |
| 4 | 4 Germany | 2.67 | 2023 | +4.69% | +10.82% | View data |
| 5 | 5 United Kingdom | 2.65 | 2023 | +7.7% | -4.61% | View data |
| 6 | 6 United States | 2.44 | 2021 | -17.85% | -6.98% | View data |
| 7 | 7 South Korea | 0.94 | 2023 | +1.21% | +0.026% | View data |
| 8 | 8 Taiwan | 0.66 | 2023 | +18.12% | +13.58% | View data |
| 9 | 9 Estonia | 0.59 | 2023 | +8.28% | -3.19% | View data |
| 10 | 10 Austria | 0.53 | 2023 | +0.84% | +9.54% | View data |
