In 2023, the import value of frozen fish to the US was $834.00 million. Forecasts from 2024 through 2028 show a consistent annual growth in import value, growing from $849.22 million in 2024 to $912.13 million in 2028. This represents a steady year-on-year increase, suggesting an average annual growth rate (CAGR) of approximately 1.7% over the five-year period. Such a trend indicates a solid and sustained expansion in the frozen fish import market.
Future trends to watch include:
- Increased demand for sustainable seafood, which might impact import sources and prices.
- Technological advancements in preservation and distribution methods, potentially affecting import logistics.
- Changes in consumer preferences towards healthier meal options, likely influencing import volumes.
- Trade policies and tariffs could impact the stability of import growth.