Forecasted data for the import of prepared or preserved crustaceans and molluscs to China, expressed in billion US dollars, are as follows:
- 2024: $1.9741B
- 2025: $2.0882B
- 2026: $2.2B
- 2027: $2.3095B
- 2028: $2.4169B
Year-on-year percentage variations:
- 2024-2025: (2.0882 - 1.9741) / 1.9741 * 100 ≈ 5.78%
- 2025-2026: (2.2 - 2.0882) / 2.0882 * 100 ≈ 5.34%
- 2026-2027: (2.3095 - 2.2) / 2.2 * 100 ≈ 4.95%
- 2027-2028: (2.4169 - 2.3095) / 2.3095 * 100 ≈ 4.65%
The Compound Annual Growth Rate (CAGR) over the five-year forecast period (2024-2028) is calculated as:
CAGR = ((2.4169 / 1.9741) ^ (1/4) - 1) * 100 ≈ 5.14%
Future Trends
The projected growth in China's imports of prepared or preserved crustaceans and molluscs suggests a steady increase in demand. Factors to watch include changes in consumer preferences, trade policies, and global supply chain disruptions. Advances in aquaculture technology and sustainability practices are likely to influence future market dynamics.
