In 2023, imports of fresh or chilled Nile Perch fillets to Canada stood at a benchmark value, against which significant declines are forecasted. From 2024 to 2028, the value declines progressively from $11.79K to $3.83K. Year-on-year, these figures represent sharp decreases with substantial percentage drops reflecting reduced demand or increased market competition. The compound annual growth rate (CAGR) over these five years projects a continual downward trend.
Future trends to watch:
- Potential shifts in consumer preference or dietary trends.
- Changes in global fishing policies impacting supply.
- Alterations in trade policies that could affect import costs.
