In 2023, China's import of frozen rock lobster and other sea crawfish stood at approximately 75 million USD. From 2024 to 2028, the forecasted imports show a steady year-on-year increase, with values projected to rise from 78.92 million USD to 94.486 million USD. This denotes a compound annual growth rate (CAGR) over five years. The consistent growth suggests a sustained demand for these imports, potentially driven by rising consumer preferences for seafood and increasing purchasing power in China.
Future trends to watch include:
- Changes in global seafood trade policies and tariffs.
- The impact of China's economic growth on import capacity.
- Potential effects of ecological changes on lobster supplies.
- Shifts in consumer demand towards locally sourced seafood.
