In 2023, the US imported frozen Nile Perch fillets worth $181,000. Forecasts indicate a gradual growth in imports reaching $211,510 by 2028. The projections from 2024 to 2025 and beyond suggest an average annual growth rate of approximately 2.5%. This upward trend indicates a steady rise in value over the period. Year-on-year analysis reveals incremental growth, with significant increases in the latter years.
Future trends to watch for include changes in consumer preferences which may impact demand, potential impacts of international trade relations, and environmental factors affecting Nile Perch populations. Monitoring these elements can provide insights into longer-term market dynamics and challenges.
