The forecasted data for Canadian imports of live, fresh, or chilled cold-water shrimps and prawns show a declining trend from 2024 to 2028, starting at $1.2709 million in 2024 and decreasing to $0.95989 million by 2028. This consistent downward shift suggests a year-on-year decrease averaging around 6.68%. In 2023, imports stood higher than the 2024 forecast, indicating a reversal in demand or competitiveness.
Future trends to watch for include:
- The possibility of increased domestic production reducing reliance on imports.
- Dynamic shifts in consumer preferences towards other seafood alternatives.
- Potential trade policies affecting import volumes.
- Environmental changes impacting shrimp populations and global supply chains.
