In 2023, China's fisheries exports stood at 20.1 billion US Dollars. Based on the forecasted data, the value is expected to grow to 20.65 billion in 2024, indicating a year-on-year increase of approximately 2.7%. Over the next few years, the fisheries exports value is projected to continue its upward trend: 21.18 billion in 2025 (2.6% YoY growth), 21.69 billion in 2026 (2.4% YoY growth), 22.21 billion in 2027 (2.4% YoY growth), and 22.71 billion in 2028 (2.3% YoY growth). This suggests a Compound Annual Growth Rate (CAGR) of 2.5% from 2023 to 2028.
Future trends to watch for include:
- Global demand variations due to changes in dietary preferences and rising health consciousness.
- Regulatory changes impacting international trade and fisheries sustainability.
- Advancements in aquaculture and fishing technologies boosting efficiency and output.
- Climate change and environmental factors affecting fish populations and habitats.