In 2023, the import value of fresh or chilled tilapia fillets to Canada was $16.650 million USD. The forecasted import values show a steady increase from 2024 to 2028, with a projected import value of $18.098 million USD by 2028. The year-on-year growth rate is approximately 1.6%, indicating a consistent upward trend. The Compound Annual Growth Rate (CAGR) over this five-year forecast period is anticipated to be around 1.8%.

Future trends to watch for include:

Potential impacts of climate change on tilapia production and supply chains.
Changes in consumer preferences towards sustainability and traceability influencing import volumes.
Regulatory changes in international trade policies affecting import dynamics.
Technological advancements in aquaculture that may impact supply consistency and quality.