In 2023, the import of frozen lobsters to Canada stood at approximately 20.75 million US dollars. The forecast indicates a steady increase in imports, rising to 23.497 million US dollars by 2028. This reflects a compound annual growth rate (CAGR) of about 2.10% over five years.

From 2024 to 2025, the year-on-year growth is projected at 2.71%, with a similar trend continuing annually through 2028. This steady growth suggests a consistent demand for frozen lobsters in Canada, driven primarily by consumption trends and possibly increased market accessibility.

Future trends to watch for:

The impact of sustainability and ethical sourcing practices on import rates
Changes in consumer preferences potentially affecting demand
Trade policies and tariffs influencing import costs
Economic conditions and consumer spending power impacting overall consumption of luxury food items like lobsters