The forecast for prepared or preserved lobster imports to Japan indicates a decreasing trend over the period from 2024 to 2028. With actual imports reaching $1.03 million in 2023, a steady decline is observed through the projected years, with values descending to approximately $0.99 million by 2028. This represents a forecasted average annual decline (CAGR) of about 1% over the five-year span. Specifically, each year shows a gradual decrease, spotlighting an impending contraction in lobster imports.
Future trends to watch for include the impact of consumer preferences shifting towards local seafood alternatives, potential economic fluctuations affecting import capacity, and evolving trade agreements that might influence import costs or replace lobster demand with other seafood.
