The forecast for fresh or chilled hake imports to the US indicates a consistent decline from 2024 through 2028, with values starting at $3.22 million in 2024 and decreasing to $1.59 million by 2028. Compared to the import value in 2023, the projections show a significant decreasing trend. Year-on-year analysis reveals a sharp contraction in imports, depicting market challenges or shifts in consumer demand. The compound annual growth rate (CAGR) signifies a sustained negative trajectory, suggesting a potential long-term structural change in US hake imports.
Future trends to watch for:
- Potential shifts in consumer preferences affecting demand.
- Impact of trade policies and tariffs on import volumes.
- Supply-side changes in major hake producing regions.
