The import of frozen shrimps and prawns to Canada is forecasted to increase steadily from 2024 through 2028, starting at 359.45 million USD in 2024 and reaching 369.25 million USD by 2028. In 2023, the imports stood at approximately 357 million USD. The year-on-year growth rate is modest, averaging around 0.7% annually. This consistent increase trends slightly above inflation, indicating a stable demand in the Canadian market. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected to be around 0.7%.
Future trends to watch include potential shifts in consumer preferences towards sustainable or locally sourced seafood, trade policy changes affecting tariffs, and fluctuations in global shrimp and prawn supply, which could impact import volumes and pricing strategies for Canadian importers.
