The forecast for the re-import of frozen shrimps and prawns to China indicates a steady increase from 2024 to 2028. In 2023, the re-import value stood at approximately 2.35 million USD. The data projects a year-on-year growth rate of around 3.5% each year during the forecast period, resulting in a Compound Annual Growth Rate (CAGR) of approximately 3.2% over the five years from 2024 to 2028. This consistent growth may be attributed to rising domestic demand and favorable trade conditions.
Future trends to watch for include:
- Potential shifts in global seafood demand and consumption patterns.
- China's evolving seafood import policies and trade relations.
- Environmental factors impacting shrimp production and supply chains.
- Technological advancements in shrimp farming and processing.
