In 2023, Canada's import of frozen whole Pacific salmon stood at 14.95 million kilograms. Moving into the forecasted years, there is a consistent year-on-year growth in import volume. From 2024 to 2028, the annual growth rates are approximately 2-3%, with the compound annual growth rate (CAGR) over these five years projected to be around 3%. This denotes a steady increase in demand and dependence on imports of Pacific salmon into Canada.
Future trends to watch for include:
- Changes in global salmon supply which could impact import volumes and prices.
- Environmental policies and sustainability measures affecting the salmon fishing industry.
- Consumer preferences shifting towards sustainably sourced seafood, potentially impacting import types.