In 2023, the import value of prepared or preserved shrimps and prawns to Japan stood at 741.45 million US Dollars. The forecast from 2024 to 2028 indicates a steady increase in import values, with a 1.34% year-on-year growth in 2024 reaching 752.33 million USD. This trend continues up to 2028, when the value is projected to reach 791.32 million USD, reflecting a compound annual growth rate (CAGR) of approximately 1.32% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable or locally sourced seafood.
- Impact of international trade policies and agreements on import tariffs and shipping costs.
- Fluctuations in global shrimp and prawn production affecting supply dynamics.