Analyzing the demand for crustaceans in Saudi Arabia between 2014 and 2023, a significant declining trend is observed. Starting from 30.84 Thousand Metric Tons in 2014, it dipped dramatically to 17.14 Thousand Metric Tons in 2023, reflecting a substantial reduction. This is evident by the sharp annual declines, particularly in 2017 with a drop of -29.37% and in 2020 with -20.48%. The annual decrease from 2022 to 2023 was -4.51%, with an average annual contraction (CAGR) over the last five years of -3.78%.

Projected demand from 2024 to 2028 continues this downtrend, with a forecasted CAGR of -4.52% indicating a further decrease to 12.84 Thousand Metric Tons by 2028. The five-year growth rate anticipates a decline of approximately -20.66% by 2028.

Future trends to watch for:

Market diversification efforts, particularly in robust fish farming practices.
Potential impacts of Saudi Arabia's Vision 2030 on the seafood sector.
Emerging consumer dietary trends and their influence on seafood demand.
Environmental sustainability initiatives affecting crustacean production and availability.