The pelagic fish market size in Canada, measured in thousand metric tons, has shown significant fluctuations over the past decade. From a high of 180.84 in 2016, it dropped sharply in 2017 to 128.17 and further declined to 104.61 by 2020. Recent years have seen moderate recovery, with the volume at 117.57 in 2023, but projections indicate a continuous downward trend, reaching 102.75 in 2028. The market witnessed an average annual contraction (CAGR) of -1.71% over the last five years.
Key Variations:
- 2016 to 2017: -29.13% decrease
- 2019 to 2020: -18.9% decrease
- 2020 to 2021: 11.84% increase
- 2022 to 2023: -2.3% decrease
Future trends to watch for include potential impacts of climate change on fish populations, regulatory changes in fisheries management, and advances in sustainable fishing practices. These factors could influence the market dynamics and provide new growth opportunities or pose risks to the pelagic fish market in Canada.
