The forecasted demand for demersal fish in Canada shows a steady growth from 2024 onwards, increasing from 220.54 thousand metric tons to 234.45 thousand metric tons by 2028. In 2023, the last known actual value was slightly less than 220.54 thousand metric tons, indicating a positive trend. The year-on-year growth rates for the forecasted period suggest a consistent rise, with percentage increases approximately between 1.6% to 1.7%. The compound annual growth rate (CAGR) over the forecasted period from 2024 to 2028 is expected to be around 1.5%.
Future trends to watch for include potential impacts of regulatory changes, sustainability practices, and evolving consumer preferences. These factors could influence supply chains and consumption patterns, likely leading to more significant shifts in demand dynamics. Additionally, monitoring developments in aquaculture and fishing technologies will be essential as they could affect production capabilities and efficiencies in the demersal fish market.
