The forecast for fishery imports to Japan shows a gradual decline over the years 2024 to 2028, from 14.885 billion USD to 14.121 billion USD. This indicates a consistent downward trend, with year-on-year decreases of approximately 1.3% to 1.7%. By examining this projected decline, the industry witnesses a Compound Annual Growth Rate (CAGR) of approximately -1.1% from 2024 to 2028.
Future trends to watch for include:
- Potential shifts in consumer preference towards sustainable and locally sourced seafood options.
- Changes in international trade agreements affecting import tariffs and restrictions.
- Technological advancements in aquaculture potentially affecting domestic supply and import demand.
