The import of fresh or chilled crabs to China is projected to grow steadily from 2024 to 2028. In 2023, the actual import volume stood at 50 million kilograms. From 2024, it is expected to experience an annual growth rate, with increases of approximately 3.4% each year. Over the next five years, this trend results in a compound annual growth rate (CAGR) of roughly 2.6%.
Future trends to watch for include:
- Fluctuations in global seafood trade policies, which may impact export volumes to China.
- Changes in consumer preferences towards sustainable and locally-sourced seafood options.
- Potential impact of climate change on crab populations and their availability in the market.
- Technological advancements in aquaculture, possibly increasing domestic production.