Japan is the leading importer of preparations of meat and seafood with a value of 5.62 billion USD in 2023, demonstrating a robust market demand.
The United States follows with 4.81 billion USD, signifying its strong consumer market for such products. The UK stands at 4.36 billion USD, marking its significance in the import market, while Germany, France, and the Netherlands show moderate levels of import with values of 2.58, 1.92, and 1.66 billion USD, respectively.
Italy, Canada, Hong Kong, and Spain contribute to the market with values varying between 1.56 and 1.13 billion USD. Over the last two years, all countries have shown consistent growth, with some fluctuations attributed to changing consumer preferences and economic factors. The Compound Annual Growth Rate (CAGR) for the last five years signals a steady industry development.
Looking forward, trends to watch include:
- Increased demand in Asian markets, potentially expanding beyond Japan and Hong Kong.
- The effect of trade policies and tariffs on import volumes, particularly in the US and European markets.
- Environmental sustainability and traceability, influencing consumer choices and importing policies globally.
Top countries in Top Importers of Preparations of Meat and Seafood
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Japan | 5,620 | 2016 | |
| 2 | 2 United States | 4,810 | 2016 | |
| 3 | 3 United Kingdom | 4,360 | 2016 | |
| 4 | 4 Germany | 2,580 | 2016 | |
| 5 | 5 France | 1,920 | 2016 | |
| 6 | 6 Netherlands | 1,660 | 2016 | |
| 7 | 7 Italy | 1,560 | 2016 | |
| 8 | 8 Canada | 1,390 | 2016 | |
| 9 | 9 Hong Kong | 1,190 | 2016 | |
| 10 | 10 Spain | 1,130 | 2016 |
