In 2023, the actual import value of prepared or preserved shrimps and prawns to Canada stood at approximately 184.15 million USD. The forecasts for the period from 2024 to 2028 indicate a steady growth in imports, with values rising from 187.53 million USD in 2024 to 200.69 million USD in 2028. This reflects a year-on-year growth rate of about 1.8% to 1.6% over the period, displaying a consistent upward trend. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be around 1.8%, suggesting a stable increase in demand.
Future trends to watch for include:
- Potential impact of global economic conditions on import volumes.
- Changes in consumer preferences and dietary trends towards seafood.
- Trade policies and agreements that might affect seafood imports.
- Environmental and sustainability issues affecting the shrimp and prawn sectors.
