Key Market Indicators
Canadian fish production is projected to climb to approximately 210,000 metric tons by 2028, up from about 197,000 metric tons in 2023. This represents an average annual growth rate of 1.1%. Historical data since 1965 indicates a steady supply increase of 0.6% per year. In contrast, Canadian fish consumption is expected to decline, reaching around 103,000 metric tons by 2028, down from nearly 118,000 metric tons in 2023. This marks an average annual decrease of 2.1% in consumption. Since 2019, demand has consistently fallen by 1.7% each year. In 2023, Canada ranked 36th globally in fish consumption, with Papua New Guinea surpassing it at the same consumption level of nearly 118,000 metric tons. Japan, the Philippines, and Thailand occupied the second, third, and fourth positions in the global ranking, respectively.
