The import of live fish to Japan is forecasted to decline over the next five years. As of 2023, the actual import stood at approximately 6.3 million kilograms. Starting in 2024, the forecast shows a decrease from 6.1027 million kilograms to 5.4008 million kilograms by 2028. The year-on-year percentage variation typically illustrates a consistent downward trend suggesting a steady decline. This reflects a Compound Annual Growth Rate (CAGR) that indicates a decreasing average by about 3% annually over this period.
Future trends to watch for include:
- Potential shifts in consumer preferences affecting demand for live fish.
- Changes in import regulations or trade agreements that might impact import volumes.
- Environmental factors or disease outbreaks influencing supply chains.
- Emerging technologies or alternatives to live fish that could alter market dynamics.
