Canada's imports of frozen whole albacore and longfin tunas are projected to increase steadily over the next five years, rising from $17.468 million in 2024 to $18.455 million by 2028. The year-on-year growth demonstrates modest incremental changes: 1.45% from 2024 to 2025, 1.40% from 2025 to 2026, 1.36% from 2026 to 2027, and 1.31% from 2027 to 2028. This reflects a consistent upward momentum in demand or supply stability. The Compound Annual Growth Rate (CAGR) over these five years is approximately 1.42% annually.
Future trends to watch include:
- Global tuna stock management and related supply chain sustainability issues.
- Shifts in consumer preference towards sustainable and traceable seafood sources.
- Potential changes in import regulations or tariffs due to trade negotiations.
- The impact of economic conditions on seafood consumption and import prices.