As of 2023, Japan's import of frozen shrimps and prawns was estimated at approximately 140.0 million kilograms. The forecast data indicates a gradual decline in imports from 2024 to 2028, with annual volumes projected at 136.25 million kilograms in 2024 and decreasing each year to 121.46 million kilograms in 2028.
The year-on-year percentage variation suggests a steady decrease of around 2.8% annually. The compound annual growth rate (CAGR) over the five-year forecast period is a decline of approximately 3.4%. These trends reflect a potential shift in consumer preferences, changes in dietary habits, or adjustments in trade policies affecting Japan's import volume.
Future trends to watch for:
- Japan's domestic seafood production capabilities and market regulations.
- Consumer preference shifts towards alternative seafood sources.
- Global pricing fluctuations and supply chain dynamics post-2023.
- Sustainability trends impacting shrimp and prawn farming practices.
