In 2023, Japan’s imports of frozen fish (excluding fillets and offal) stood at approximately 3.1228 billion USD, marking the baseline for forecasted values. From 2024 to 2028, an annual decrease in import value is projected, starting at 3.0891 billion USD in 2024 and shrinking to 2.9548 billion USD by 2028. This reflects a year-on-year decline in value: 1.10% in 2025, 1.10% in 2026, 1.10% in 2027, and 1.10% in 2028. The compound annual growth rate (CAGR) over the five-year period indicates a steady decline of around 1.10% per annum.
Future trends to watch include sustainability in fishing practices, consumption shifts towards plant-based seafood alternatives, and potential impacts of geopolitical factors on supply chains. Monitoring consumer preferences and international trade policies will be crucial in understanding future market dynamics.
