In 2023, the re-import value of fish-liver oils and fractions to Canada was approximately 30.5 thousand USD. The forecasts from 2024 to 2028 indicate a steady decline, with values decreasing from 30.18 thousand USD in 2024 to 28.83 thousand USD in 2028. Year-on-year percentage decreases reflect a gradual decline in import values: approximately 1.2% from 2024 to 2025, continuing a similar trend through to 2028. The compound annual growth rate (CAGR) over the five-year period reflects a negative trajectory.
Future trends to watch for include potential impacts of global fish stocks, shifts in demand for fish-liver oil products, regulatory changes, and competitive pressures from alternative sources like plant-based oils. Additionally, advancements in sustainable fishing and processing technologies may alter the supply dynamics and import patterns of these products.
