In 2023, Canada imported prepared or preserved fish (excluding whole or in pieces) valued at approximately $68 million USD. Forecasted data shows a consistent growth trend from 2024 to 2028, with values increasing from $69.444 million USD in 2024 to $75.304 million USD by 2028. The year-on-year growth from 2024 to 2028 shows an increase of around 2% annually. The compound annual growth rate (CAGR) over this forecasted five-year period is approximately 2%.
Future trends to watch for include:
- Potential impacts of trade agreements or tariffs affecting import costs.
- Changes in consumer preferences towards local and sustainable seafood options, potentially influencing import volumes.
- Exchange rate fluctuations affecting import pricing and competitiveness.
