The import of fresh or chilled whole halibut into Canada is forecasted to exhibit a consistent decline from 2024 to 2028, starting at $16.857 million in 2024 and decreasing to $14.252 million by 2028. In 2023, the import value stood at approximately $17.54 million. The data shows a downward trend with a year-on-year decline ranging from 3.98% to 4.54% in this period. The compound annual growth rate (CAGR) is set to reflect a decline of about 3.64% annually over the 5-year period.

Future trends to watch for include:

Fluctuations in demand due to changes in consumer preferences toward sustainable seafood options.
Potential trade policy adjustments that may affect import tariffs or quotas.
Climate change impacts affecting halibut populations and thus influencing supply.