The import value of fish, crustaceans, molluscs, and aquatic invertebrates to Canada is projected to grow steadily from 2024 through 2028. In 2023, the actual recorded import value was slightly lower than the forecasted 2024 value of 2.3495 Billion USD. Between 2024 and 2028, the expected Compound Annual Growth Rate (CAGR) is approximately 1.7%. Year-on-year growth rates indicate a consistent upward trend reflecting increasing demand for these imports in Canada.
Future trends to watch include potential impacts of climate change on marine biodiversity, shifts in consumer preferences towards sustainable seafood options, and policy changes affecting trade regulations and tariffs. Additionally, advancements in aquaculture and supply chain innovations may influence import dynamics.
