In 2023, China's frozen haddock imports were approximately valued at an undisclosed amount, forming the basis for projections moving forward. The forecasted values suggest a steady growth in imports: $149.61 million (2024), rising to $159.94 million by 2028. The anticipated year-on-year growth rates from 2024 to 2028 remain consistent, reflecting a stable increase in demand for frozen haddock. Over this five-year period, the compound annual growth rate (CAGR) presents a modest yet positive growth trajectory.
Future trends to watch for include:
- Changes in consumer preferences towards healthy and sustainable seafood options.
- Potential disruptions in global supply chains affecting import volumes.
- Trade policy adjustments between major exporting countries and China.