In 2023, the import value of frozen whole cod to Japan stood at an undisclosed amount. The forecast indicates a declining trend from $33.648 million in 2024 to $28.578 million by 2028. This represents a consistent year-on-year decrease, averaging an approximate annual decline of 3.2% over the forecasted period.
Future trends to watch for include:
- Potential shifts in Japan's domestic production or consumption, impacting import needs.
- Changes in international trade policies or tariffs that could either dampen or boost imports.
- Environmental factors influencing cod supply and prices globally.
- Currency fluctuations that might alter the economic feasibility of imports from different regions.