The forecasted imports of frozen cold-water shrimps and prawns to Canada from 2024 to 2028 are expected to decline significantly. In 2024, the import value is projected at $2.5719 million, decreasing steadily to $1.6282 million by 2028. Compared to 2023, this represents a consistent year-on-year decline with a notable negative compound annual growth rate (CAGR) over the next five years. This downward trend suggests diminishing demand or possibly growing local production or diversification in seafood imports.
Future trends to watch for:
- Potential changes in Canadian consumer preferences impacting seafood demand.
- Evolving trade policies or tariffs that could affect import volumes and values.
- Impact of sustainability concerns on sourcing cold-water shrimps and prawns.
- Innovations in aquaculture that might alter import needs in Canada.
