China leads as the top importer of frozen fish in 2024, followed by Japan and South Korea. Over the last two years, the market has seen a slight but steady growth, with China and Japan showing marginal year-on-year increases in import value. The United States, although not among the top three, shows potential given its recent import increases. Over the past five years, the compounded annual growth rate of the market suggests a consistent upward trend, mainly driven by Asia and Europe.
Future trends indicate potential growth in the United States and the European market. Factors such as sustainable sourcing, changing dietary preferences, and geopolitical impacts might influence these trends. Emphasis on traceability and environmental impact could also affect importer demand.
Top countries in Top Importers of Frozen Fish
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 3,240 | 2016 | |
| 2 | 2 Japan | 3,010 | 2016 | |
| 3 | 3 South Korea | 1,320 | 2016 | |
| 4 | 4 Spain | 816.98 | 2016 | |
| 5 | 5 United States | 677.07 | 2016 | |
| 6 | 6 Russia | 635.67 | 2016 | |
| 7 | 7 Portugal | 476.32 | 2016 | |
| 8 | 8 Hong Kong | 358.62 | 2016 | |
| 9 | 9 Denmark | 355.9 | 2016 | |
| 10 | 10 Netherlands | 338.5 | 2016 |