The import of frozen whole sardines, brisling, and sprats to China is projected to increase steadily from 2024 to 2028, with values rising from $17.847 million to $20.28 million. This indicates a robust growth trajectory in this period. The year-on-year growth from 2024 to 2025 is approximately 3.51%, a trend that continues with slight consistency through to 2028. The Compound Annual Growth Rate (CAGR) for the five-year forecasted period is approximately 3.2%. In 2023, the value was notably lower, marking a clear upward trend starting in 2024.
Future trends to watch include:
- Potential changes in consumer preferences for healthier, protein-rich seafood options.
- The impact of trade policies and tariffs between China and exporting countries.
- Sustainability initiatives and fishing regulations affecting supply.
- Technological advancements in freezing and packaging that may improve product quality and import volumes.