The import value of fresh or chilled Nile Perch fillets to the US is forecasted to decline from $1.2842 million in 2024 to $1.087 million in 2028. The year-on-year import value is expected to decrease steadily each year. Notably, from 2024 to 2025, there’s a 3.90% reduction, followed by consistent declines annually. The five-year Compound Annual Growth Rate (CAGR) indicates an average annual decline in import value, showcasing a negative trend in demand or possible market factors impacting prices or supply chains.
Future trends to watch for include potential changes in consumer preferences, sustainability practices affecting supply, and trade policies. Monitoring these factors will be crucial to understanding the evolving dynamics of the Nile Perch market in the US.
