The live fish imports to Canada are projected to significantly increase from 2024 to 2028. The forecast indicates a consistent upward trend in import value, growing from $234.75 million in 2024 to $402.62 million by 2028. This reflects robust year-on-year growth rates, with each year seeing substantial increases. The compound annual growth rate (CAGR) over these five years is indicative of strong market expansion and escalating demand. This increase comes from continuing trends observed in recent years, although specific 2023 data is unavailable, it sets the groundwork for this projected rise.

Future trends to watch for include:

Potential impacts of changing regulatory policies on fisheries and imports.
Emerging technologies in aquaculture enhancing domestic production capabilities.
Alterations in consumer preferences driving demand shifts.
Environmental considerations affecting supply chains.
Exchange rate fluctuations that may influence import costs.