The turnover of the wholesale of aquatic products in China has shown a steady growth trajectory from 2024 to 2028. Starting at 6.97 hundred billion Yuan Renminbi in 2024, it is forecasted to reach 8.11 hundred billion Yuan Renminbi by 2028. Compared to the 2023 actual turnover, this represents a consistent year-on-year growth pattern, with annual increases approximately ranging from 4.16% to 3.53%. The average Compound Annual Growth Rate (CAGR) over this period is around 3.95%, indicating a stable upward trend in the market.
Key future trends to watch for include:
- Impact of technological advancements in aquaculture and logistics on market efficiency.
- Changing consumer preferences towards sustainable and eco-friendly aquatic products.
- Global economic conditions influencing trade policies and bilateral agreements relevant to aquatic products.
- Potential regulatory changes within China aimed at supporting domestic aquaculture and the wholesale market.