In 2023, China led global frozen toothfish imports valued at $294.02 million, showing an 18.35% year-on-year growth. The U.S., following with $183.96 million, grew by 5.69%. South Korea, New Zealand, and Australia saw varied growth of 9.91%, 122.35%, and 1.7% respectively, displaying fluctuating import demands. European countries like Spain and Poland had notable increases, while Denmark, Switzerland, and Greece faced declines. The industry exhibited substantial growth in Bangladesh, marking a significant 98.22% increase, signaling a rising market interest.
As these trends develop, watch for potential impacts from changing trade policies, sustainability concerns, and evolving consumer preferences. Emerging markets like Bangladesh and established ones such as China may drive demand, while global economic conditions could influence overall imports.
Top countries in Frozen Toothfish Imports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 294,020,000 | 2023 | +34.24% | +18.35% | View data |
| 2 | 2 United States | 183,960,000 | 2023 | +11.42% | +5.69% | View data |
| 3 | 3 South Korea | 9,423,900 | 2023 | +11.59% | +9.91% | View data |
| 4 | 4 New Zealand | 8,858,100 | 2023 | +4.7% | +122.35% | View data |
| 5 | 5 Australia | 6,850,700 | 2023 | +3.79% | +1.7% | View data |
| 6 | 6 Spain | 2,935,000 | 2023 | +9.39% | +43.46% | View data |
| 7 | 7 Japan | 1,257,800 | 2021 | -8.58% | -24.53% | View data |
| 8 | 8 Poland | 317,490 | 2023 | +4.08% | +7.67% | View data |
| 9 | 9 Denmark | 253,190 | 2023 | +37.31% | -10.09% | View data |
| 10 | 10 Bulgaria | 228,900 | 2023 | +5.51% | +0.43% | View data |
