The re-import of crustaceans to Canada is projected to grow steadily from 2024 to 2028, beginning at $20.521 million in 2024 and reaching $22.416 million by 2028. This growth represents an average year-on-year increase of approximately 2.1%. In 2023, the re-imports stood at $20 million, indicating a steady, positive trend. The compound annual growth rate (CAGR) over this period is estimated at about 2.2%, suggesting consistent demand and expansion within this sector.
Future trends to monitor include the impact of global trade agreements, changes in consumer preferences towards sustainable seafood options, and the influence of climate change on marine biodiversity. Additionally, regulatory policies related to fishing and seafood importation could significantly impact market dynamics.
