The forecasted import values for prepared or preserved tuna, skipjack, and bonito into Canada from 2024 to 2028 indicate a steady yearly increase. The values for 2024 start at $176.61 million and reach $187.66 million by 2028. Assuming that in 2023, the import value stood below $176.61 million, the year-on-year increases reflect consistent growth in demand or importation of these products. Over the five-year period from 2024 to 2028, this results in a compounded annual growth rate (CAGR) indicative of healthily rising trends in the Canadian market.
Future trends to watch include the potential impact of global trade policies on import prices and volumes, shifts in consumer preferences towards sustainable seafood options, and evolving competition from other seafood products. Monitoring these factors will be critical for stakeholders in the Canadian seafood industry.
