The import value of frozen catfish fillets to China is projected to rise steadily from $984.81 million in 2024 to $1,674.4 million in 2028. In 2023, the actual imports stood at approximately $824.00 million, indicating a robust demand trajectory. The expected year-on-year growth rate between 2024 and 2025 is 17.77%, followed by consistent annual increases, culminating in a five-year CAGR of around 14.22% through 2028.
Future trends to monitor include:
- Increasing consumer preference for affordable protein options in China.
- Potential expansion of free trade agreements facilitating seafood trade.
- Impact of sustainability and environmental policies on aquaculture production.
