The forecast for export of frozen shrimps and prawns from the US indicates a declining trend from 2024 through 2028. In 2024, the volume is projected to be 4.0004 million kilograms. By 2028, it decreases to 2.7171 million kilograms, suggesting a year-on-year decline. The average annual decrease in volume (CAGR) over these five years is significant, underscoring a potential shift in market dynamics. Notably, this trend follows a period of declining exports in the previous years, continuing from the actual data observed up to 2023.
Future trends to watch for include shifts in global seafood consumption patterns, potential trade policy changes, and environmental factors affecting shrimp and prawn farming. Monitoring these elements will be crucial to anticipate further changes in export volumes.
