From 2014 to 2023, Australia's crustacean export volume exhibited variability. It peaked at 17.12 thousand metric tons in 2018 but dropped to 14.16 thousand metric tons in 2020, likely impacted by external factors such as the COVID-19 pandemic. By 2023, the volume reached 17.16 thousand metric tons, reflecting a positive trend with a modest year-on-year increase of 0.18%.
Year-on-year changes show pronounced fluctuations: a significant drop in 2020 by 16.85%, followed by a rebound with increases in 2021 (14.73%) and 2022 (5.45%). The five-year compound annual growth rate (CAGR) stood relatively stable at 0.047% by 2023. Forecasts from 2024 indicate steady growth, with the volume expected to reach 17.28 thousand metric tons by 2028, achieving a CAGR of 0.17% over this period.
Future trends to observe involve potential disruptions from climate change affecting marine life and regulatory changes in major export markets. Additionally, advancements in aquaculture technology and international trade dynamics will play significant roles in shaping the export volumes.
