Based on the supplied data, the shellfish export volume in Canada is forecasted to rise steadily from 119.26 thousand metric tons in 2024 to 124.83 thousand metric tons by 2028. Compared to the actual exports in 2023, this growth is gradual. The year-on-year variations from 2024 to 2028 show a percentage increase of approximately 1.22% annually on average. Observing the last two years, there is a slight acceleration in exports, with a growth rate of 1.2% and 1.13% annually. The compound annual growth rate (CAGR) over the next five years stands at 1.22%.
Future trends to watch for in the shellfish export market include potential fluctuations due to climate change impacts on marine ecosystems, regulatory changes in international markets, and shifts in global demand prompted by dietary trends and health awareness. Monitoring advancements in aquaculture technologies and sustainability practices could also provide insights into potential growth opportunities and challenges in the sector.
