In 2023, Canada's fishery imports stood at approximately 3.65 billion USD. The projected figures from 2024 to 2028 indicate a steady growth in fishery imports, with values increasing from 3.74 billion USD in 2024 to 4.10 billion USD by 2028. This reflects a positive year-on-year growth rate with an average annual increase:
-2024-2025: 2.44%
-2025-2026: 2.36%
-2026-2027: 2.28%
-2027-2028: 2.20%
Over this five-year period, the compound annual growth rate (CAGR) is approximately 2.35%.
Future trends to watch for include the impact of sustainable fishing practices and regulatory changes on imports, shifts in consumer preferences towards eco-friendly seafood, and potential trade policy alterations that may affect supply chain dynamics.
