Freshwater fish production in Canada has fluctuated significantly over the past decade. Starting at 18.45 Thousand Metric Tons in 2013, production has seen highs and lows, with a notable peak in 2018 at 25.32 Thousand Metric Tons. However, the past few years have shown a downward trend, resulting in a production level of 17.14 Thousand Metric Tons in 2023. Year-on-year variations for 2023 indicate an 11.52% increase compared to 2022, though the Compound Annual Growth Rate (CAGR) over the last five years remains negative at -7.51%.
Forecast data from 2024 onwards suggests a slight reduction, with production expected to decline from 17.03 Thousand Metric Tons in 2024 to 16.57 Thousand Metric Tons in 2028. The forecasted five-year CAGR is also slightly negative at -0.55%, indicating a gradual but continuous decline in production.
Future trends to watch for:
- Impact of climate change on freshwater ecosystems and fish habitats.
- Regulatory changes and their implications on fishing practices.
- Technological advancements in aquaculture that could improve efficiency and production levels.
- Shifts in consumer preferences and demand for freshwater fish.
