The import of live fish to the US is forecasted to increase steadily from 2024 to 2028. In 2023, imports stood at a specific level that serves as the base year for this analysis. Notably, the forecast reveals a gradual year-on-year growth over the next five years.
Significant observations include:
- In 2024, a 3% increase is anticipated compared to 2023.
- Continuing this trend, 2025 and 2026 are expected to post increases of 3% and 2.8%, respectively.
- The forecast emphasizes a consistent rise through to 2028, culminating in a compound annual growth rate (CAGR) projecting a robust growth trajectory.
Looking ahead, several factors may influence the import trends of live fish into the US:
- Changes in trade regulations and tariffs under new governmental policies.
- Fluctuations in global fishery supply chains, potentially impacting import volume and pricing.
- Consumer demand shifts towards sustainable and ethically sourced products could alter the types of fish imported.