In 2023, the frozen cod imports to Japan amounted to approximately 38 million US Dollars. The forecasted data from 2024 to 2028 shows a clear downward trend, with imports decreasing each year. From 2024 to 2028, the year-on-year percentage decreases are consistent, highlighting a steady decline in demand or availability. Notably, the compound annual growth rate (CAGR) over the five-year period is expected to reflect a negative trend, indicating an average annual decrease in import value.
Future trends to watch for include potential shifts in consumer preferences in Japan, changes in global supply chain dynamics, and the impact of environmental factors on cod availability. Additionally, economic policies and trade agreements may play significant roles in influencing future import volumes and values.
