In 2023, the import value of frozen shrimps and prawns to China stood at an actual amount of approximately 1.915 billion US dollars. The forecast from 2024 to 2028 projects a consistent increase year-on-year, with the import value expected to rise from 2.0109 billion US dollars to 2.3877 billion US dollars. This indicates a clear upward trend in demand with a CAGR of approximately 4.48% over the forecast period.
Future trends to monitor include:
- Consumer preference shifts, particularly towards imported seafood, driven by quality concerns and economic factors.
- Potential changes in global trade policies and tariffs that could affect import dynamics.
- Increasing demand for sustainable sourcing practices among consumers, influencing market supply chains.