The forecast shows a steady decline in the import of fresh or chilled whole herring to the US from 2024 through 2028, with values decreasing from 338.58 to 190.52 thousand US dollars. Compared to 2023, the data suggests a clear downward trend, indicating reduced demand or an increase in local production. The year-on-year decrease from 2024 to 2028 accentuates the falling trend, with significant percentage drops each year. The compound annual growth rate (CAGR) for this period marks a noticeable decline, emphasizing a consistent reduction over the five-year span.
Future trends worth observing include:
- Potential shifts in consumer preferences or dietary trends that could further impact demand.
- Possible changes in trade policies or tariffs affecting supply chains.
- Innovations in local fish farming or alternative seafood production.