Forecast: Re-Import of Prepared or Preserved Molluscs and Shellfish to Canada

In 2023, Canada had imported a notable volume of preserved molluscs and shellfish, setting a benchmark for subsequent years. The forecast data from 2024 to 2028 suggests a consistent upward trajectory in re-imports, evidencing an annual growth rate as captured by the figures: 5.67% in 2024, 5.67% in 2025, 5.26% in 2026, 4.91% in 2027, and 4.58% in 2028. The compounded annual growth rate (CAGR) from 2024 to 2028 reflects an average annual increase of 4.82%, indicating a robust rising trend in the sector.

Looking ahead, several trends merit attention:

  • Global seafood demand and sustainability practices could influence import dynamics.
  • Consumer preferences might shift towards sustainable and ethically sourced shellfish.
  • Trade agreements and tariffs may impact import costs and volumes significantly.
  • Technological advancements in preservation and storage could enhance shelf-life and quality.
  • Climate change impact on marine life might alter availability and import strategies.

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