In 2023, the import of prepared or preserved shrimps and prawns to China stood at a substantial volume, setting the stage for anticipated growth. The forecasted data from 2024 to 2028 indicates a steady year-on-year increase in import volume, with percentages climbing consistently over each subsequent year. Specifically, the compound annual growth rate (CAGR) over the five-year period displays a sustained upward trajectory, reflecting the solid demand and potential market expansion for these seafood products in China.
Future trends to watch for:
- Emergence of China as a significant market for global shrimp and prawn producers.
- Potential for increased imports due to rising consumer demand and improved supply chain logistics.
- Impact of environmental and regulatory changes on import policies and practices.