In 2023, Japan's import of frozen fish meat and mince stood at 258 million kilograms. With the forecasts showing a decline from 257.33 million kilograms in 2024 to 255.29 million kilograms in 2028, there is a clear trend of slight year-on-year decreases. Specifically, the percentage drop is approximately 0.2% annually. Over this five-year period, the compound annual growth rate (CAGR) signifies an average decrease of around 0.19% annually. This trend indicates Japan's growing efficiency in sourcing or producing domestically, or changing consumer preferences.
Future trends to watch for:
- Potential growth in domestic aquaculture impacting imports.
- Shifts in consumer behavior and dietary trends influencing demand for frozen fish products.
- Trade policies and agreements that could affect sourcing nations and logistics.