The data indicates a steady increase in the forecasted import value of crustaceans to China from 2024 to 2028, beginning at approximately $4.17 billion in 2024 and reaching around $4.93 billion in 2028. In 2023, the import value stood at $4.0 billion.
Year-on-year growth is moderate, averaging approximately 4-5% annually from 2024 to 2028. Over the five-year period ending in 2028, the CAGR is anticipated to be around 4.5%.
Future trends to watch for:
- China's consumer demand for seafood as dietary preferences evolve.
- Potential trade policy changes impacting import dynamics.
- Environmental and sustainability issues affecting global seafood supply chains.
- Technological advancements in aquaculture enhancing local production.
