The forecast for China's imports of dried, salted, or in brine, smoked scallops, including queen scallops, indicates a steady decline from 2024 to 2028. Notably, the import value starts at $2.7525 million in 2024 and gradually decreases to $2.5697 million by 2028. As of 2023, these imports were approximately stable, suggesting an upcoming trend of modest decline.
The year-on-year variation over this period is negative, highlighting a consistent decrease in import value. The compound annual growth rate (CAGR) for these five years further points to a slight reduction in imports, averaging a gradual decline annually.
Future trends to watch for include:
- Changes in global scallop supply that could affect import demands.
- China's domestic production capacity and policies towards seafood consumption.
- Shifts in consumer preferences or economic factors influencing seafood imports.
