The import of frozen whole hake to China is projected to rise steadily from 2024 to 2028, with expected values increasing from 36.156 million USD in 2024 to 39.998 million USD in 2028. These represent year-on-year growths, indicating a gradual upward trend. By analyzing the compound annual growth rate (CAGR) for this five-year period, a consistent increase in imports can be expected.
In 2023, the baseline for these forecasts, would be assumedly close to the 2024 forecast as data for 2023 is not provided. Over the forecasted period, the annual import values demonstrate a positive trajectory with moderate growth rates annually.
Future trends to watch for include:
- The impact of changes in China's domestic seafood demand and production capabilities.
- Fluctuations in global supply, particularly from major hake-exporting nations.
- Shifts in trade policies, tariffs, or agreements that might affect import levels.
- Environmental sustainability trends affecting marine resources and their management.
