In 2023, China's import of frozen whole flatfish was valued at approximately 368 million US dollars. The forecasted data from 2024 to 2028 shows a consistent year-on-year increase, demonstrating a robust growth trajectory in the market. Specifically, the import value is expected to grow by about 4.43% in 2025, 4.14% in 2026, 3.90% in 2027, and 3.68% in 2028, marking a positive trend. The compounded annual growth rate (CAGR) over the forecasted period is approximately 4.05%, suggesting stable demand.
Future trends to watch for:
- Potential impacts of trade agreements or tariffs on seafood imports.
- Consumer trends toward sustainable and traceable seafood, potentially affecting sourcing.
- Fluctuations in global fish stock and catch yield, influencing supply capabilities and pricing.