The turnover of retail aquatic products in China is forecasted to decline steadily from 2024 to 2028, with values projected at 664.89, 651.2, 639.59, 629.76, and 621.43 hundred million yuan respectively. In 2023, the actual value stood at approximately 676 hundred million yuan. This represents a year-on-year decline of around 2% to 3%, and a projected compound annual growth rate (CAGR) over the next five years showing a negative trend. The decline indicates a consistent downward movement in retail turnover for aquatic products in China.
Future trends to watch for include:
- The impact of environmental policies on aquaculture and fishery practices.
- Consumer behavior shifts towards alternative protein sources.
- Currency fluctuations affecting import and export markets.
- Technological advancements in product distribution and sales channels.
