The import of frozen whole dogfish and other sharks to China is projected to grow steadily from 2024 to 2028. In 2023, the import volume stood at a baseline yet unspecified level. The forecasted growth reflects a consistent year-on-year increase in import volumes, indicative of rising demand. Specifically, from 2024 to 2028, the yearly increase averages at a stable rate, translating to a modest compound annual growth rate (CAGR) over these years.
Future trends to watch for include:
- Potential changes in domestic consumption patterns, driven by shifts in consumer preferences or regulatory changes.
- Global environmental policies impacting shark fishing and trade.
- Market responses to potential substitutes or alternative seafood options.