As of 2024, the forecast for the import of frozen shrimps and prawns to the US is anticipated to grow from $5.6277 billion to $6.0169 billion by 2028. In 2023, the import stood at approximately $5.5 billion. The year-on-year percentage increase from 2024 to 2025 is about 1.78%, followed by successive increments of roughly 1.72% annually thereafter. The CAGR over the 5-year forecast period from 2024 to 2028 is approximately 1.68%.
Future trends to watch for include:
- Alterations in consumer preferences towards sustainable seafood, potentially impacting import volumes.
- Trade policy adjustments affecting global shrimp suppliers.
- Technological advances in aquaculture possibly leading to increased local production and reduced dependency on imports.