In 2023, imports of salted or in brine herrings to Canada stood at 248.25 thousand USD. Forecast data for 2024 to 2028 indicates a declining trend in imports, with values decreasing from 223.36 thousand USD in 2024 to 129.02 thousand USD by 2028. Year-on-year percentage variations reveal substantial declines, with a 10.85% drop from 2024 to 2025, 12% from 2025 to 2026, 13.32% from 2026 to 2027, and 15.07% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be -12.03%.
Future trends to watch for:
- Potential shifts in Canadian consumer preferences affecting herring demand.
- Fluctuations in global herring supply impacting import needs.
- Economic factors influencing import costs and decisions in Canada.
