The forecast for the re-import of fresh or chilled whole salmon to Canada shows a declining trend from 2024 to 2028. The volume is expected to decrease from 12.48 thousand kilograms in 2024 to 6.04 thousand kilograms in 2028. Compared to 2023 data, this trend indicates a considerable drop in projected imports, reflecting a compound annual growth rate (CAGR) of negative growth over the next five years.
Future Trends to Watch:
- Shifts in consumer preference for locally sourced seafood might further reduce the demand for re-imported salmon.
- Potential changes in trade agreements and tariffs between exporting countries and Canada could affect salmon import volumes.
- Developments in aquaculture technology in Canada may impact the need for re-importation.