The import of frozen whole hake to China shows a steady increase from 2024 to 2028, with volumes rising from 25.005 million kilograms in 2024 to 27.883 million kilograms in 2028. This forecasted growth highlights a consistent annual increase in import volumes. Compared to 2023, where actual import volumes recorded were less than the starting forecast of 25.005 million kilograms in 2024, there is a clear upward trend observed.
Year-on-year growth rates in this period display moderate increases each year, suggesting a healthy demand for frozen whole hake in China, with the Compound Annual Growth Rate indicating sustainable growth. Average year-on-year variations reflect increased consumer demand and a stable supply chain for this seafood product.
Future trends to watch for:
- Potential changes in consumer preferences, specifically within mainland China, which may impact demand.
- Trade policies and import tariffs affecting the hake import volumes.
- Fluctuations in global supply and environmental factors impacting hake availability.
