In 2023, Canada's import of salted or in brine cod stood at 1.775 million kilograms. From 2024 to 2028, a gradual decline is observed in forecasted imports. Year-on-year percentage decline from 2024 to 2028 indicates a consistent decrease: 0.48% from 2024 to 2025, 0.47% from 2025 to 2026, 0.46% from 2026 to 2027, and 0.46% from 2027 to 2028. The five-year compound annual growth rate (CAGR) is negative, highlighting an overall downward trend in the import volume of this product.
Future trends to watch:
- Market shifts to alternative sources of fish protein.
- Potential changes in consumer preferences and demand for salted or in brine cod.
- Trade policy developments impacting import levels.