The forecast for Japan's frozen octopus imports reveals a declining trend from 2024 to 2028, with values expected to decrease annually from $282.86 million in 2024 to $259.6 million in 2028. The projected compound annual growth rate (CAGR) suggests an ongoing reduction of around 1.7% annually. In 2023, the imported value stood at a higher level, marking the beginning of this downward trend.
Future trends to monitor include:
- Potential changes in consumer preferences affecting demand for octopus products.
- Shifts in trade policies or tariffs impacting import costs.
- Environmental factors influencing octopus population and supply stability.