The forecast for frozen Jack and Horse Mackerel imports to China indicates a gradual decline from 2024 to 2028, starting at around $26.3 million in 2024 and reducing to approximately $25.2 million by 2028. This reflects a consistent year-on-year decrease at an average annual rate, or CAGR, from 2024 to 2028. As of 2023, the actual import value showed a noticeable influence on this trend but was slightly higher at about $26.6 million. This falling trend might suggest shifting market dynamics or changing consumer preferences.
Future trends to watch for include potential trade agreements affecting import tariffs, changes in global fishery production impacting prices, and increasing domestic production capabilities in China, potentially offsetting import demand.
