The forecasted import values of frozen dogfish and other sharks into China suggest a sharp decline from 2024 to 2028. Starting at 2.8168 million USD in 2024, there is a predicted continuous decrease, reaching just 0.48184 million USD by 2028. This results in an average annual decrease (CAGR) of approximately 37.5% over the five-year forecast period. Notably, there are year-on-year decreases of about 21% from 2024 to 2025, 26% from 2025 to 2026, 35% from 2026 to 2027, and finally around 54% from 2027 to 2028.
Future trends to watch for include:
- Potential regulatory changes impacting the trade of shark products, possibly due to conservation efforts.
- Shifts in consumer preferences towards sustainability, affecting demand for frozen shark meat.
- Competitive pressure from alternative fish and seafood products in the market.
- Market dynamics influenced by geopolitical factors or trade policies.
