Over the past decade, Canada has seen fluctuations in the import of live fish, with values peaking in 2014 and experiencing a notable decline by 2020. From 2021 onwards, there's been a moderate recovery. The volume in 2023 stood at approximately 16.973 million USD, marking a stable phase relative to previous fluctuations. Comparing the last two years, there was a marginal increase of 0.17% in 2023 from 2022. The average annual variation (CAGR) over the last 5 years stands at -1.26%. Looking forward to 2028, the predicted trend shows a slight annual growth rate of 0.15% with a forecasted 5-year growth rate of 0.74%.
Future trends to watch for:
- Changes in trade policies that could impact import volumes.
- Environmental regulations affecting fishing practices globally.
- Shifts in consumer preferences and demand for live fish.
- Technological advancements in aquaculture affecting supply chain dynamics.
- Impact of global geopolitical events on trade routes and costs.
