The data provides information about the US seafood imports, in billion US dollars from 2002-2022, with an estimation for the upcoming year 2032. The data is then proportionally broken down into various countries from which these imports are obtained.
Overall,the peak amount achieved in billions of dollars is quite evidently noticed in the year 2022, which is expected to witness a slight drop by the year 2032. With China, Thailand and Canada being the greatest contributors of the seafood supply chain, in the US.
When comparing the amount of money spent on the influx of seafood into the US spanning two decades, first a gradual rise from approximately 7 billion dollars (2002)-10 billion dollars (2012) can be noticed.This is followed by a drastic rise with the amount having doubled to over 20 billion dollars in the year 2022.Despite this substantial growth, a reduction of about 18 billion dollars has been predicted for the upcoming decade.
Specifically analyzing the seafood providers for the year 2022, China takes the lead of a whopping 28%, followed by Thailand (23%) and then Canada( 16%). These three countries cover an impressive two-thirds of supplying the US seafood market. On the other hand, the remaining countries-such as Indonesia, Vietnam , Ecuador and other non specified countries-that were amongst the importers, each contributed almost 10% respectively.