The output of seawater shellfish in China has shown steady growth from 2013, reaching 1.61 ten million metric tons in 2023. The year-on-year variation between the past two years shows a growth of 1.74% in 2023 from the previous year. Over the last five years (2018-2023), the compound annual growth rate (CAGR) stands at 1.65%. This indicates a modest but consistent increase in production.
Looking at forecasted data from 2024 to 2028, the CAGR is expected to be 1.29%, resulting in a total growth rate of 6.6% over this period. As per the forecasts, production is anticipated to reach 1.75 ten million metric tons by 2028.
Future trends to watch for:
- Continued sustainability and environmental factors affecting shellfish farming practices.
- Technological advancements in aquaculture that could enhance production efficiency.
- Potential impacts of geopolitical and economic changes on the seafood export markets.
