In 2023, the import value of prepared or preserved lobster to China stood at an estimated benchmark, indicating a peak compared to subsequent years. Forecasts for 2024 to 2028 depict a steady decline in import value, from 47.23 thousand USD in 2024 to 14.84 thousand USD by 2028. The average annual reduction over this period is captured by a negative Compound Annual Growth Rate (CAGR), highlighting persistent downward trends. Year-on-year variations further confirm this pattern as each year records a decreasing value compared to the prior year, reflecting possibly contracting demand or supply constraints.
Key future trends to watch include potential shifts in consumer preferences, trade policy changes, and global supply chain dynamics. Monitoring these factors will be crucial, as they can influence import activities and possibly reverse or exacerbate the downward trajectory in lobster imports.
