The forecast for Japan's imports of frozen fish heads, tails, maws, and tongues shows a steady increase from 2024 to 2028. In 2023, the import value stood at an actual figure, serving as a baseline for future forecasts. From 2024 to 2025, the imports are expected to increase by approximately 11.2%. From 2025 to 2026, a rise of about 10% is anticipated. Between 2026 and 2027, imports are projected to grow by approximately 9%. Lastly, the increase from 2027 to 2028 is forecasted to be around 8.2%. The compound annual growth rate (CAGR) over the next five years is approximately 9.3%.
Future trends to watch for include:
- Shifts in consumer preferences towards different fish parts.
- Impact of global fisheries' sustainability practices.
- Changes in competitor markets and potential trade agreements.
- Fluctuations in international currency exchange rates.
