The import of frozen whole flatfish to China is forecasted to steadily increase from 2024 to 2028. In 2023, the actual import volume serves as a baseline for understanding forthcoming trends and estimating year-over-year growth, showcasing consistent growth. The year-over-year percentage increase illustrates modest increments yearly, endorsing a stable upward trend. The compound annual growth rate (CAGR) throughout this period reflects a strong average annual increase in imports. Considering the positive import momentum, the flatfish market is expected to remain robust.
Future trends to watch for include:
- Potential policy changes impacting import tariffs and regulations.
- Shifts in consumer preferences towards sustainable and traceable seafood sources.
- Global economic factors that might influence China's import capacity and demand.