In 2023, the import value of frozen clams, cockles, and arkshells to Japan was slightly higher than the forecasted 2024 value of $5.3063 million USD, indicating a minor year-on-year decline as Japan expects a modest reduction in imports. From 2024 to 2028, the expected annual decrease is approximately 0.22%. The compound annual growth rate (CAGR) over these five years demonstrates an average annual decline, suggesting the market is contracting slightly.
Future trends to watch for include:
- Changes in consumer preferences impacting demand for imported frozen shellfish.
- Trade policies affecting import regulations and costs.
- Environmental factors influencing domestic production capabilities and market prices.