The imported value of salted or in brine cod to the US is projected to increase steadily from 2024's $7.82 million to $8.73 million by 2028. This indicates a consistent year-on-year growth, starting with an approximate 2.96% increase from 2024 to 2025, and an overall compound annual growth rate (CAGR) of approximately 2.8% over the five years. As of 2023, the import value stood at $7.62 million, showing a stable, upward trend in demand and market expansion.
Future trends to watch for include:
- Potential changes in fishing and import regulations that may affect supply.
- Evolving consumer preferences that could influence demand for salted cod varieties.
- Fluctuations in international trade relations that may impact import volumes and values.