In 2023, the US imported USD 12.7 million worth of frozen cod. The forecast indicates a gradual decline in imports, projecting USD 12.434 million in 2024 to USD 11.367 million by 2028. This represents a year-on-year decrease averaging around 2% from 2024 to 2028. Over the five years, the Compound Annual Growth Rate (CAGR) is approximately -2.21%, suggesting a decreasing demand or diversification in sourcing fish products.
Future trends to monitor include changes in consumer preferences towards alternative fish species, potential impacts of climate change on fishing yields, trade regulations, and innovations in aquaculture. Understanding these dynamics could alter the frozen cod import landscape significantly.
