In 2023, Canada's import volume of demersal fish stood at 162,000 metric tons. Forecasts from 2024 to 2028 indicate a steady growth, with volumes increasing from 164.78 to 172.61 thousand metric tons, illustrating a compound annual growth rate (CAGR) of approximately 1.17% over these five years.
Year-on-year, the growth rate remains stable around 1% to 1.1%, reflecting a consistent demand increase as the Canadian market continues to source more demersal fish to meet consumer and industry needs.
Future trends to watch for:
- Potential changes in import tariffs and trade agreements impacting supply routes.
- Sustainability and environmental considerations affecting sourcing decisions.
- Market response to shifts in consumer preferences and alternative protein sources.