Frozen cod fillets imports to the US are projected to steadily increase from 2024 to 2028, with forecast values growing from $426.34 million to $445.35 million. This indicates consistent year-on-year growth, averaging an increase of approximately 1.8% annually over the five-year period. In 2023, the imports were valued at a slightly lower mark, signifying a continued upward trend.
Future trends to watch for include:
- Possible impacts of sustainability initiatives affecting fishery supplies.
- Fluctuating trade policies that could influence import costs and volumes.
- Consumer demand for seafood, influenced by dietary trends and health-focused consumption patterns.
- Potential market shifts due to technological advancements in aquaculture and processing.