In 2023, China's import of fish, crustaceans, molluscs, and aquatic invertebrates stood at 11.85 billion US Dollars. The forecasts show a progressive increase from 2024 to 2028. Year-on-year growth rates indicate a consistent rise, with imports growing from 12.245 billion USD in 2024 to 14.072 billion USD in 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 3.5%.
Future trends to watch for include:
- Potential shifts in global seafood supply and demand due to environmental factors and regulatory changes.
- Changes in consumer preferences within China towards sustainable and traceable seafood sources.
- Trade policy developments that could impact import tariffs or quotas related to seafood.