The import value of dried, salted, or brine, smoked shrimps, and prawns to the US has been on a stable upward trend. In 2023, actual figures stood at $24.035 million. Forecasted data from 2024 to 2028 shows a consistent year-on-year growth of approximately 0.63%. This indicates a gradual yet stable increase in demand. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be 0.63%, reflecting steady market expansion.
Future trends to watch for:
- Consumer preferences shifting towards sustainable seafood may influence import patterns.
- Economic factors, such as exchange rate fluctuations, could impact pricing and demand.
- Developments in international trade agreements might alter supply sources and volumes.