The forecast for Canada's import of fresh or chilled fish fillet or meat shows a consistent upward trend, increasing from $267.33 million in 2024 to $299.18 million in 2028. Compared to the actual figures of 2023, there is a projected year-on-year increase of around 3% over the period. The compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately 2.86%, reflecting stable growth expectations in this segment.
Future trends to watch for include:
- Demand shifts influenced by consumer preferences towards sustainable seafood.
- Impact of trade agreements and tariffs on import prices.
- The influence of local fisheries and potential changes in regulations.
- Technological advancements in transportation and storage impacting supply chain efficiency.