In 2023, the value of imported prepared or preserved sardines, sardinella, and brisling or sprats to China stood at approximately USD 1.1846 million. Forecasts for 2024 through 2028 indicate a steady increase in import value, starting at USD 1.2083 million in 2024 and reaching USD 1.3038 million in 2028. This represents a compound annual growth rate (CAGR) of about 1.9%. The year-on-year percentage increases reflect consistent growth, suggesting a stable demand for these products in China.
Future trends to watch for:
- Potential shifts in consumer preferences towards seafood, impacting demand.
- Changes in global fish supply due to environmental factors or policy changes.
- Impact of trade regulations and tariffs on import costs and supply chain dynamics.