The global crustaceans market in 2024 shows a significant concentration in China, with a volume share of 43.37 thousand metric tons, followed by the United States at 13.72 thousand metric tons and Indonesia at 9.14 thousand metric tons. Japan and India also hold substantial shares at 4.76 and 3.74 thousand metric tons, respectively. Over the past year, Indonesia and Vietnam exhibited remarkable year-on-year growth rates of 3.16% and 3.31%, respectively, whereas markets like Japan and Canada experienced declines of -0.57% and -1.33%. Smaller markets such as Argentina, Nigeria, and Mozambique also saw noteworthy growth rates of 4.12%, 3.9%, and 3.99%, respectively. Conversely, Belgium and Cuba faced substantial declines of -11.67% and -16.89%.
Future trends to watch for include potential growth in emerging markets such as Nigeria and Mozambique, driven by increasing local demand and improvements in supply chains. Conversely, established markets like Japan and Canada may experience continued slowdowns due to market saturation and economic factors. Monitoring regulatory changes, technological advancements in aquaculture, and shifts in consumer preferences toward sustainable and ethically sourced products will also be essential for understanding future market dynamics.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 43.37 | 2023 | +0.97% | +0.99% | View data |
| 2 | 2 United States | 13.72 | 2023 | +0.81% | +0.8% | View data |
| 3 | 3 Indonesia | 9.14 | 2023 | +3.21% | +3.16% | View data |
| 4 | 4 Japan | 4.76 | 2023 | -0.6% | -0.57% | View data |
| 5 | 5 India | 3.74 | 2023 | +0.72% | +0.76% | View data |
| 6 | 6 Vietnam | 3.44 | 2023 | +2.87% | +3.31% | View data |
| 7 | 7 Mexico | 2.13 | 2023 | +1.82% | +2.01% | View data |
| 8 | 8 France | 1.57 | 2023 | +0.29% | +0.3% | View data |
| 9 | 9 Bangladesh | 1.49 | 2023 | +1.58% | +1.6% | View data |
| 10 | 10 United Kingdom of Great Britain and Northern Ireland | 1.35 | 2023 |