Shellfish production in Canada has shown fluctuations over the past decade. In 2023, production stood at 44.57 thousand metric tons, recovering from the significant dip observed in 2020. The production volume declined by 3.28% in 2022 compared to 2021, but it increased by 8.32% in 2023. The five-year CAGR leading to 2023 was 1.85%, indicating moderate growth. Forecasts from 2024 onwards suggest a steady uptrend, with a five-year CAGR of 1.32%, reaching 48.44 thousand metric tons by 2028, reflecting a total growth rate of 6.79% over these years.
Future trends to watch for include the impact of climate change and environmental regulations on shellfish habitats, advancements in aquaculture technology, and potential shifts in global demand driven by changes in consumer preferences and international trade policies.
