In 2023, Canada recorded actual imports of frozen cod fillets valued at an estimated USD 47.715 million. The forecast from 2024 onwards displays a consistent growth in these imports, with values reaching USD 54.429 million by 2028. The year-on-year growth is projected to hover around 2.8% to 2.9% annually, with the five-year CAGR highlighting an average annual increase of approximately 2.6%, reflecting a steady upward trend.
Future trends to watch for:
- Changes in global cod supply, which could impact prices and import volumes.
- Fluctuations in consumer demand driven by preferences for sustainable and locally sourced seafood.
- Regulatory changes and trade policies that may impact import dynamics.
