As of 2023, the re-import of frozen fish meat and mince to Canada was recorded at 46.0 thousand kilograms. The forecast for 2024 positions this value at 47.3 thousand kilograms, indicating a slight annual growth. From 2024 to 2028, the projections show a steady increase, reaching 52.83 thousand kilograms by 2028. The year-on-year growth varies between 2.7% to 2.58%, suggesting consistent market expansion. Over the full projected period, the compound annual growth rate (CAGR) is steady, providing a long-term upward trend in re-import volumes.
Future trends to watch for include:
- Analyzing the impact of consumption patterns and sustainability on re-import volumes.
- Monitoring trade policies and supply chain logistics, which might affect import efficiencies and volumes.
- Considering the influence of climate change on global fish stocks and subsequent market supply dynamics.
