The forecast for Fish Liver Oil Feed in Canada from 2024 to 2028 shows a gradual decline in volume. With the current standing at 200 metric tons in 2023, future volumes are predicted to remain stable at 200 metric tons through 2024 and 2025, before decreasing to 190 metric tons in 2026 and continuing to drop to 180 metric tons in both 2027 and 2028.
Year-on-year variation analysis shows:
- No change from 2024 to 2025 (0%)
- -5% decrease from 2025 to 2026
- -5.26% decrease from 2026 to 2027 (the percentage decrease is slightly more significant than the year before)
- No change from 2027 to 2028 (0%)
The average compound annual growth rate (CAGR) over the last five years is -2.08%, indicating a consistent downward trend in Fish Liver Oil Feed volume in Canada.
Future trends to watch for include:
- Potential advancements in aquaculture and fish processing industries which may affect supply and demand.
- Environmental regulations influencing fishing practices.
- Changes in consumer preferences toward alternative supplements that could impact market dynamics.
