In 2023, the US import of fresh or chilled whole halibut stood at 6.65 million kilograms. Based on forecasts, a steady growth is expected with an increase from 6.7507 million kilograms in 2024 to 7.1427 million kilograms by 2028. The year-on-year growth averages around 1.5% to 1.6%. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 1.81%.
Potential future trends to watch for include:
- Shifts in US consumer preferences towards sustainable seafood, potentially influencing import volumes.
- Regulatory changes impacting trade policies or fishing quotas affecting supply.
- Developments in aquaculture technology that could influence domestic halibut production and import dependency.
- Economic factors such as fluctuations in exchange rates or global seafood demand altering pricing and import levels.