The forecast for live, fresh, or chilled lobsters imports to China shows a consistent upward trend from 2024 to 2028, with values reaching from $837.11 million in 2024 to $1119.0 million in 2028. In 2023, the imports stood at $765 million, indicating a solid growth trend in this segment over the forecast period.
The year-on-year growth between 2024 and 2025 is approximately 8.55%, and between 2025 and 2026, it is around 7.79%. Growth continues steadily with about 7.16% between 2026 and 2027, and 6.61% between 2027 and 2028. The compound annual growth rate (CAGR) from 2024 to 2028 stands at roughly 7.40% annually.
Future trends to watch:
- Increasing demand driven by China's expanding middle class and changing dietary preferences.
- Potential impact of sustainability and environmental concerns on global supply chains.
- Implications of international trade policies and relations affecting lobster importation to China.
