The forecast for the import of prepared or preserved shrimps and prawns to China shows a steady increase from 2024 to 2028, with values rising from $208.06 million to $255.79 million. In 2023, the actual imports were slightly lower; however, the year-on-year growth suggests a positive trend. Expected yearly growth rates through 2028 demonstrate resilience in demand. This consistent upward trajectory offers a compound annual growth rate (CAGR) indicating a healthy market.
Future trends to watch for:
- Potential trade policy changes impacting import tariffs and pricing.
- Growth in consumer demand driven by increased disposable income and shifting dietary preferences.
- Environmental and sustainability considerations influencing sourcing practices.