In 2023, the import value of fresh or chilled whole dogfish and other sharks to China stood at a baseline from which the 2024 forecast shows an increase to $212.74 thousand USD. The subsequent years indicate a steady annual growth, with values projected to reach $247.57 thousand USD by 2028. Over the near term, year-on-year variations show a consistent upward trend, reflective of a growing demand or diminishing supply elsewhere. The compound annual growth rate (CAGR) for the period from 2024 to 2028 suggests a healthy increase, signaling robust market confidence in this industry segment.
Future trends to watch include:
- Potential regulatory changes impacting shark imports and sustainability practices.
- Variations in consumer preferences towards alternative seafood options.
- Global marine conservation efforts and their impact on supply.
- Technological advancements in storage and transportation that may reduce costs or increase efficiency.
