China's caviar exports for 2024 are forecasted to reach 3.0289 million kilograms, a slight decline from the 2023 volume of 3.1832 million kilograms. This marks an approximate year-on-year decrease of 4.8%. The downward trend is projected to continue with 2025 and 2026 forecasted values indicating decreases of about 5.2% and 5.4% respectively. The exports are expected to fall to 2.5658 million kilograms by 2027 and further to 2.4176 million kilograms by 2028, showing average annual declines close to 5.1% in the form of CAGR over the five-year period.
Future trends to watch for:
• Trade policy changes between China and key export markets
• Fluctuations in global caviar demand driven by changes in luxury spending
• Enhancements in aquaculture methods and technology impacting production efficiency
• Potential new entrants or competitors in the global caviar market
