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.