In 2024, Canada's imports of dried, salted or in brine, smoked lobsters are forecasted to reach $133.58 thousand, marking the beginning of a consistently upward trend through 2028. Forecasted data indicates substantial year-on-year growth, with imports increasing from $171.96 thousand in 2025 to $284.82 thousand by 2028. The compounded annual growth rate (CAGR) over this five-year period is indicative of a robust growth trajectory for the category.
Future trends to watch for include potential shifts in consumer preferences towards sustainable seafood practices and the impact of global market volatility on import prices. Additionally, trade agreements and domestic lobster industry dynamics may play a pivotal role in shaping future import volumes.
