The export volume of crustaceans from Saudi Arabia has seen a significant upward trend over the past decade, showing remarkable growth from 9.9 thousand metric tons in 2014 to 56.73 thousand metric tons in 2023. Notably, there were considerable year-on-year increases, especially from 2016 to 2017 with a 115.75% increase. The most recent data from 2023 indicates a 5% growth rate year-on-year. The CAGR over the last five years is 5.16%, reflecting consistent growth. Forecasts suggest that this upward trend will continue, with an expected volume of 70.71 thousand metric tons by 2028 and a forecasted 5-year CAGR of 3.51%.
Future trends to watch for include potential market expansion due to advancements in aquaculture technology and increasing global demand for crustaceans. Additionally, any changes in trade policies or environmental factors could significantly impact export volumes.
