In 2023, China's imports of dried, salted or brine, smoked cuttlefishes and squids stood significantly lower than projected figures for subsequent years. Starting in 2024, forecasts predict consistent growth, from 63.2 million USD to 101.76 million USD in 2028. This indicates a robust year-on-year growth, with percentage increases indicating strengthening demand and market expansion. The Compound Annual Growth Rate (CAGR) over the next five years signifies an optimistic import trend driven by factors such as dietary preferences, population growth, or increased availability.
Future trends to watch include:
- The impact of China's economic growth on import capacity and consumer spending.
- Shifts in domestic aquaculture production affecting import dependency.
- Potential trade policy adjustments and international supply chain challenges.
- Changing consumer tastes toward seafood varieties, possibly influencing demand patterns.