In 2023, Japan imported approximately 70.0 million kilograms of prepared or preserved shrimps and prawns. Forecasted data for 2024 to 2028 suggest a steady increase in imports, with an annual growth rate ranging from 1.03% to 1.07% year-on-year. The compound annual growth rate (CAGR) over the forecasted period (2024-2028) is estimated at approximately 1.03%, indicating a steady, albeit moderate, growth trend in the Japanese market for these seafood products.
Future trends to watch for include:
- Potential changes in consumer preferences towards fresh or alternative seafood options, which could impact forecasts.
- Economic factors, such as currency fluctuations and trade policies, affecting import costs.
- Environmental and sustainability concerns influencing consumer and policy decisions regarding seafood imports.