China's import of frozen lobsters stood at 2.57 million kilograms in 2023. Forecasts for upcoming years suggest a steady increase in imports: 2.6515 million kilograms in 2024, 2.7355 million kilograms in 2025, 2.8178 million kilograms in 2026, 2.8985 million kilograms in 2027, and 2.9776 million kilograms in 2028. This series shows consistent year-on-year growth in volume.
- 2024: Increase of 3.17% from 2023
- 2025: Increase of 3.17% from 2024
- 2026: Increase of 3.01% from 2025
- 2027: Increase of 2.86% from 2026
- 2028: Increase of 2.72% from 2027
The compound annual growth rate (CAGR) over the forecasted period from 2023 to 2028 is 2.99%, indicating a healthy and steady increase in import volume.
Future trends to watch for include potential shifts in consumer preferences toward sustainable seafood options, changes in trade policies, and the impact of global economic conditions on seafood supply chains. Technological advancements in cold chain logistics and market expansion strategies by key exporters may also influence import patterns.
