In 2023, the import value of fresh or chilled whole Skipjack and Stripe-Belly Bonito to China stood as the baseline for the following forecasts. The data indicates a steady year-on-year increase in import value from 2024 to 2028, with forecasted values of 98.57, 103.33, 108.0, 112.57, and 117.05 thousand USD, respectively. This reflects an upward trend, suggesting a consistent increase in demand or price.
The compounded annual growth rate (CAGR) from 2024 to 2028 is indicative of a sustained positive growth trajectory, averaging this consistent upward trend over the five-year period.
Future trends to watch for include:
- Impact of global market fluctuations on fish supply and pricing.
- Changes in Chinese consumer preferences and potential shifts towards alternative seafood sources.
- Trade policy changes affecting import tariffs and regulations within China.
- Environmental factors and fishing regulations impacting supply.