The forecast for the import value of dried, salted or in brine, smoked shrimps and prawns to Canada shows a steady increase from 2024 to 2028, starting at $11.088 million and reaching $13.284 million by 2028. In comparison to an estimated import value in 2023 of approximately $10.57 million, the year-on-year growth rate is anticipated to be around 5% from 2024 to 2025. Over the five-year period, the compound annual growth rate (CAGR) is approximately 4.62%, indicating consistent growth trends for the industry.

Future trends to watch for include:

Shifts in consumer preferences toward sustainable seafood, potentially influencing sourcing and pricing.
Global economic factors such as tariffs, trade agreements, and currencies impacting import costs and demand.
Technological advancements in preservation methods which may open new supply opportunities or competitive pressures.