The forecast for the re-import of non-food products of fish or crustaceans, molluscs, or other aquatic invertebrates to Canada suggests a declining trend from 2024 to 2028. The data shows a consistent year-on-year decrease. Specifically, the volume is expected to decrease from 25.39 thousand kilograms in 2024 to 12.79 thousand kilograms in 2028. In 2023, the volume stood at approximately the same as the start of the forecast period, indicating a steady decline over the forecast horizon. This results in a compound annual growth rate (CAGR) that indicates a negative growth trajectory.
Future trends to watch for include:
- Potential shifts in global supply chains affecting re-import volumes.
- Changes in environmental policies and regulations impacting the industry.
- Evolving consumer preferences towards sustainable and locally sourced products.
- Technological advancements in aquaculture and seafood processing.
