The forecast for the import of fresh or chilled live octopus to Canada shows a declining trend from 2024 onwards. The value in 2023 stood at approximately 67.95 thousand USD, remaining the same for 2024 before exhibiting a significant downward trajectory. Each subsequent year, from 2025 to 2028, records a reduction in import value, closing with a drastic drop to 16.16 thousand USD in 2028.
Year-on-year variations:
- 2025: –19.58% compared to 2024
- 2026: –23.95% compared to 2025
- 2027: –30.84% compared to 2026
- 2028: –43.71% compared to 2027
The compounded annual growth rate (CAGR) over these five years indicates an average yearly decline.
Future trends to watch for:
- Shifts in consumer demand for seafood in Canada may prompt policy changes influencing the market.
- Environmental and sustainability concerns might further affect octopus harvesting and exports.
- Technological advancements in aquaculture could potentially alter supply dynamics and costs.
