The import value of prepared or preserved crustaceans and molluscs to Canada is forecasted to gradually increase from $293.66 million in 2024 to $316.66 million by 2028. This indicates a steady upward trend, reflecting a compound annual growth rate (CAGR) of around 1.9% from 2024 to 2028. As of 2023, the actual import value stood at approximately $288 million, marking the beginning of this upwards trajectory. Year-over-year variations showcase modest growth, with percentage increases ranging consistently around 1.9% annually over the forecast period.
Future trends to consider include the potential impact of changing consumer preferences towards sustainable and eco-friendly seafood options, as well as the influence of global trade policies on import tariffs and seafood availability in the Canadian market. Monitoring these elements could play a crucial role in shaping the import values moving forward.
