Molluscs Market Faces Second Year of Decline After 2022 Peak
The global molluscs market has seen a sharp decline in recent years. After reaching its highest value in 2022, both production and exports on the world market have fallen for two years running. The latest figures for 2024 show a continued drop in market size and trade volumes.
Between 2012 and 2024, the molluscs market grew at an average annual rate of X%. However, this period included significant ups and downs. The fastest production increase occurred in 2017, when output surged by X% compared to the previous year.
The market hit its peak value of $X in 2022, but momentum stalled soon after. By 2024, the market had shrunk by X%, dropping to $X. Production values also dipped slightly to $X, despite earlier steady growth.
Exports followed a similar pattern. The strongest growth in overseas shipments took place in 2021, with a jump of X%. Yet, by 2024, exports had fallen by X% to X tons, marking the second consecutive year of decline on the stock market today. The value of exports also decreased to $X, though the long-term average annual growth remained at X%.
Throughout this period, China, the United States, and Japan remained the top importers of molluscs. China, in particular, saw the fastest rise in imports over these years.
The molluscs industry now faces a second year of contraction. Both production and export values have declined from their 2022 highs. With key markets like China still driving demand, the sector will need to adapt to shifting trade patterns in the coming years.
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