In 2023, Canada's frozen scallops imports stood at 66.895 million US dollars. Forecasted values from 2024 to 2028 indicate a steady incremental trend. Year-over-year growth is modest, starting at a 0.45% increase from 2023 to 2024, and averaging around 0.45% through 2028, reaching an estimated 68.392 million US dollars. This growth suggests stability in import demands and retail acceptance. The compound annual growth rate (CAGR) over this five-year forecast period is approximately 0.44%, marking a consistent yet slow upward trajectory.
Future trends to watch for:
- Shifts in global scallop production impacting supply.
- Potential policy changes regarding import tariffs or seafood regulation.
- Consumer preference changes influenced by environmental or health factors.
