The forecast data indicates a steady increase in Japan's imports of frozen salmon fillets over the next five years, from $397.45 million in 2024 to $471.81 million in 2028. In 2023, imports stood at an estimated value of $380 million. This results in a continuous rise, showing a positive year-on-year growth.
The year-on-year growth rates are approximately as follows:
- 2024-2025: 4.75%
- 2025-2026: 4.49%
- 2026-2027: 4.25%
- 2027-2028: 4.04%
The CAGR over the five-year period is approximately 4.90%, indicating a healthy growth trend.
Future trends to watch for include shifts in consumer preferences towards sustainable seafood, potential impacts from changes in trade agreements, and advancements in aquaculture technology that could affect the supply chain and market dynamics.
