In 2023, the import value of live ornamental fish to Canada was $7.0744 million. From 2024 onwards, a gradual decline is forecasted, dropping from $7.0287 million in 2024 to $6.8514 million by 2028. The year-over-year variations reveal a decreasing trend of approximately 0.65% per year. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) indicates an average decline of about 0.63% per year.
Future trends to watch for include the impact of changing consumer preferences towards sustainability, potential regulatory changes impacting imports, and economic factors affecting discretionary spending on ornamental fish in Canada.
