In 2023, Canada imported 135.88 thousand metric tons of fresh and frozen sea fish. Over the last two years, there has been a minor increase in imports, with a year-on-year growth rate of 0.38% from 2022 to 2023 and a slight decline of -2.79% from 2021 to 2022. Analyzing the longer trend from 2013 to 2023, the imports experienced fluctuations, with notable increases in specific years, such as a 25.99% surge in 2021. The compound annual growth rate (CAGR) over the past five years stands at 3.1%, indicating moderate growth in sea fish imports.
Forecasting up to 2028, the imports are expected to grow at a slower pace, with a five-year CAGR forecast of 0.21%. By 2028, imports are projected to reach 137.79 thousand metric tons, marking an overall growth rate of 1.07% from 2023 to 2028, suggesting a stabilization in the volume of sea fish imports.
Future trends to watch include potential impacts of global supply chain disruptions, changes in consumer preferences towards sustainable seafood, and regulatory changes in import policies which could influence the import volume of fresh and frozen sea fish in Canada.
