Forecast: Live, Fresh or Chilled Cuttlefish and Squid Imports to Canada

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.

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