Despite initial data showing a decrease in U.S. imports of Japanese scallops in 2023, Northern Wind's chief commercial officer, Jamie Dwyer, has indicated that a late-year surge in Pacific scallop production in Hokkaido, Japan, is expected to push the total import volume above last year's. This increase is attributed to a rise in domestic scallop production, China's blockade of Japanese seafood, and new fishing regulations that have reduced domestic Atlantic scallop production. Although Japanese scallops are currently cheaper than their domestic Atlantic counterparts, Dwyer predicts the price difference will decrease due to exchange rates and high interest rates.