The import of meat, fish, and seafood food preparations to Canada has shown fluctuating year-on-year growth from 2013 to 2023. In 2023, the import value was positioned at 1.8103 Billion US Dollars. The series recorded significant variability, peaking at a year-on-year growth of 13.08% in 2017 and experiencing the lowest at -9.5% in 2015. Over the last two years, the growth rate has moderated, reflecting a year-on-year increase of 2.37% in 2023, compared to 2.48% in 2022. The compound annual growth rate (CAGR) over the past five years (2019-2023) has averaged 2.3%, indicating a steady but moderate upward trend.
Future trends to watch for include:
- Continued moderate growth with the forecasted CAGR for 2024-2028 at 1.64%, suggesting a stable market trajectory.
- Potential impacts of changing trade policies, environmental factors, and shifts in consumer preferences towards sustainably sourced products.
- Innovations in processing and preservation technologies which could influence import volumes and values.
