In 2023, Canada's imports of live, fresh, or chilled cuttlefish and squid were valued at an estimated amount, forming the baseline for the subsequent forecast. From 2024 to 2028, there is a steady and incremental growth in the import value, rising from $944.04 thousand to $1009.3 thousand. The year-on-year percentage increase is consistent, reflecting a gradual upward trend. The compound annual growth rate from 2024 to 2028 suggests a moderate and reliable increase in demand for these seafood imports.
Future trends to watch for include:
- Potential changes in Canadian consumer preferences towards healthier or exotic seafood options.
- Impact of global supply chain disruptions on seafood availability and prices.
- Policy changes regarding seafood import regulations and sustainability initiatives.
- Shifts in competition from other seafood varieties potentially affecting cuttlefish and squid demand.