In 2023, Japan's imports of frozen fish varieties, including Anchovies, Mackerels, and others, were valued at 75 million USD. Forecasts for 2024-2028 predict steady growth in import value, with an anticipated increase to 88.045 million USD by 2028, showcasing a positive trend.
Year-on-year growth projection indicates a consistent increase, with rates averaging 3.2% annually from 2024 to 2028. The compounded annual growth rate (CAGR) over the forecast period is expected at around 3.2%, suggesting a stable upward trend.
Future trends to watch:
- Increasing demand for diverse seafood options driven by a growing preference for healthier dietary choices.
- Potential challenges from global supply chain issues affecting import consistency and pricing.
- Sustainable fishing practices impacting availability and import strategies.