The forecasted values for frozen cuttlefish and squid imports to Japan show a consistent decline from 2024 to 2028, with values decreasing from $449.25 million in 2024 to $398.61 million by 2028. This indicates a steady year-on-year decline of approximately 2.85% on average. Compared to 2023, where imports stood at higher levels, the projected figures reveal a downward trend over the five-year forecast period. The CAGR over this period reflects the sustained reduction in import values.

Future trends to watch for include:

Changes in consumer preferences towards alternative seafood products or substitutes.
Fluctuations in Japanese domestic seafood production that could impact import demands.
Global environmental and economic factors affecting both supply and cost of frozen cuttlefish and squid.