The forecast for Japan's import of fish, crustaceans, molluscs, and aquatic invertebrates shows a slow decreasing trend from 2024 to 2028. In 2023, the import value stood at approximately 10.84 Billion US Dollars. Year-on-year variations show minor declines, averaging around 0.37% annually, which indicates a consistent but gentle reduction in import values over this forecast period. The Compound Annual Growth Rate (CAGR) for the years 2024 to 2028 stands at about -0.37%.
Future trends to watch for:
- Shifts in domestic fish production could influence import needs.
- Global fishery sustainability practices and regulations may impact supply.
- Currency exchange rate fluctuations could affect import costs.
- Changes in consumer preferences and dietary trends in Japan could alter demand.
