In 2023, Canada's imports of live, fresh, or chilled octopus stood at approximately 136.77 thousand US dollars. From 2024, a declining trend is forecasted, with values reaching 73.85 thousand US dollars by 2028. This represents a year-on-year decrease in imports with significant declines: -10.30% from 2024 to 2025, -11.34% from 2025 to 2026, -12.62% from 2026 to 2027, and -14.35% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is anticipated to be negative, indicating a reducing trend in imports.

Future trends to watch for include:

Potential changes in Canadian consumer preferences influencing demand for octopus products.
International market dynamics affecting supply and pricing volatility.
Shifts in trade policies or agreements impacting import levels and regulations.
Environmental factors and sustainability issues influencing availability and market conditions.