The forecast for the import of fresh or chilled whole halibut to the US shows an upward trend from 2024 to 2028, increasing from 126.71 million USD in 2024 to 141.56 million USD in 2028. Considering actual data from 2023 was 123.00 million USD, the year-on-year growth rates from 2024 to 2028 indicate a consistent rise in demand.
Year-on-year growth rates:
- From 2023 to 2024: approximately 3.02% increase
- From 2024 to 2025: approximately 3.02% increase
- From 2025 to 2026: approximately 2.87% increase
- From 2026 to 2027: approximately 2.74% increase
- From 2027 to 2028: approximately 2.61% increase
The CAGR from 2023 to 2028 is about 2.85%, indicating steady growth in import value across these five years.
Future trends to watch include exploring shifts in consumer preferences towards seafood, potential trade policy changes affecting import dynamics, and developments in sustainable fishing practices which may impact supply lines and pricing.
