The import of prepared or preserved fish to Japan is projected to decline from its 2023 benchmark value, which stood at 98.302 million US dollars. Forecasts indicate a consistent annual decrease in import value, with a noticeable drop from 94.399 million USD in 2024 to 80.341 million USD by 2028. This represents a year-on-year decrease of approximately 3.8% in 2024 and continues with a similar trend each year. The Compound Annual Growth Rate (CAGR) over the forecasted period is projected to be around -4.0%, highlighting a steady downward trend in imports.
Future trends to watch for:
- Potential shifts in domestic production impacting import reliance.
- Changes in consumer preferences towards alternative fish products or sources.
- Economic factors like currency fluctuations or changes in trade agreements.
- Potential regulatory changes in both exporting and importing countries.
