The forecasted data indicates a steady decline in the value of frozen haddock imports to the US from 2024 to 2028, starting from 20.531 million USD in 2024 to 18.647 million USD in 2028. In comparison, 2023's actual value was higher, underlining a shrinking import market.
Year-on-year, the value of imports is projected to diminish consistently. In particular, from 2024 to 2025, the decline is modest but gradually becomes more pronounced by 2028. Over the five-year period, the compound annual growth rate (CAGR) highlights an average annual decrease in import value.
Future trends to watch for:
- Changes in global supply chains and their impact on import prices and availability.
- Shifts in US consumer preferences toward other fish varieties or alternative proteins.
- Potential trade policies or economic factors that could affect import volumes and values.