In 2023, the import of salted or in brine anchovies to Canada stood at $75,000. Forecasts predict a declining trend from 2024 through 2028, starting at $70.25 thousand in 2024 and decreasing annually to $47.96 thousand by 2028. This shows a continuous year-on-year decrease of approximately 8%, culminating in a compound annual growth rate (CAGR) of -8% over five years.
Future trends to watch for:
- Supply Chain Dynamics: Changes in global supply chains may impact pricing and availability.
- Consumer Preferences: Shifts towards plant-based diets could further reduce demand.
- Trade Policies: Modifications in trade agreements may either hamper or facilitate imports.
