China's re-import of frozen shrimps and prawns is forecasted to increase steadily from 2024 onwards, reaching 4.281 million kilograms by 2028. This represents a compounded annual growth rate (CAGR) of approximately 3.86% over the forecasted period. The year-on-year variations are consistent, showing a positive trend as China continues to demand more seafood imported back into the country. As of 2023, the volume stood at 3.52 million kilograms, indicating a strong ongoing demand.
Future trends to watch include:
- Impact of China's domestic aquaculture production capabilities on import needs.
- Possible trade policy changes influencing import costs and supply chain dynamics.
- Shifts in consumer preferences towards sustainable and high-quality seafood.
- Global environmental changes affecting shrimp and prawn availability.