The import volume of frozen shrimps and prawns to the US is projected to increase steadily from 2024 to 2028, rising from 592.08 million kilograms to 628.99 million kilograms. This represents a consistent annual growth trend with an overall compound annual growth rate (CAGR) of approximately 1.5% over the five-year period. Compared to the plateau preceding 2024, this steady increase suggests a robust demand in the US market for these seafood commodities.
Key trends to watch include:
- Fluctuations in global shrimp and prawn production impacting supply chains and prices.
- Potential changes in US trade policies that could affect import volumes.
- Consumer preference shifts towards sustainable and ethically sourced seafood influencing demand.