Canada's pelagic fish production, expressed in thousand metric tons, has experienced various fluctuations over the years. From 180.79 thousand metric tons in 2014, the value increased to a peak of 194.38 in 2016 before a significant drop in 2017 down to 160.78. A sharp decline occurred again in 2020, reaching 132.48, followed by a moderate recovery, stabilizing around 154.5 in 2023, representing a -1.07% year-on-year variation and a -0.79% 5-year CAGR.
Forecasts from 2024 onward predict a gradual decline, reaching 145.32 by 2028, with a forecasted 5-year CAGR of -0.91% and an overall reduction of 4.46%. These figures suggest a continued downturn over the next five years.
Future trends to watch for:
- Monitoring environmental changes and their impacts on fish populations.
- Technological advancements in sustainable fishing practices and aquaculture.
- Changes in government policies and international trade agreements.
