In 2023, Canada's fish liver oil export volume stood at a stable level. The forecasted data indicates that from 2024 to 2028, exports are expected to remain largely steady, beginning at 69 metric tons in 2024 and slightly decreasing to 68 metric tons by 2026, maintaining this volume through to 2028. This implies a minor year-on-year decline of approximately 1.45% between 2025 and 2026, with no significant variation thereafter. Over the five-year forecast period from 2024, the compound annual growth rate (CAGR) reflects an average stagnation in export volume.
Future trends to watch for:
- Global demand for nutraceuticals could impact Canadian exports.
- Environmental policies affecting fishing industries may influence production capacities.
- Trade agreements or disputes could alter export dynamics.
