In 2023, the re-import of fish oils to Canada stood at a certain baseline value, leading into a forecasted steady growth period from 2024 onwards. The data shows incremental growth in the re-import value from $353.22 thousand in 2024 to $418.02 thousand in 2028, indicating consistent year-on-year increases.
Key points of future trends:
- A compound annual growth rate (CAGR) indicating steady growth is projected over the five-year period, suggesting sustained demand and possible expansion in market capacity.
- Factors such as global supply chain efficiencies, dietary trends boosting demand for Omega-3 supplements, and potential changes in trade policies may significantly influence future import volumes and values.
