The forecasted import values for salted or in brine dried shark fins to China indicate a consistent decline from 2024 onward, starting at $4.12 million and decreasing to $3.04 million by 2028. Comparing this to the figures in 2023, the trend shows a decreasing trajectory, with the market contracting year-on-year: a 6.68% reduction from 2024 to 2025, a 7.08% dip from 2025 to 2026, a 7.57% drop from 2026 to 2027, and an 8.08% decline from 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted period shows an average annual reduction of about 7.54%.
Future trends to watch for include potential regulatory changes in China regarding the trade of shark products, evolving consumer ethics and awareness which may impact demand, and environmental advocacy influencing fisheries management practices globally. Adaptive strategies in the seafood industry could also reshape the import landscape.
