In 2023, Canada's import of fresh or chilled sardines, brisling, and sprats stood at an estimated 31.15 thousand kilograms. The forecast for 2024 indicates a slight decrease to 30.62 thousand kilograms, continuing with a downward trend through 2028. The year-on-year variation shows a subtle but steady decline in imports, with a compound average growth rate (CAGR) reflecting an average annual decrease over the five-year forecast period.
Future trends to watch for include:
- Potential changes in consumer preference towards fresher or locally sourced seafood.
- Impact of currency fluctuations and trade agreements on import volumes.
- Environmental and regulatory impacts influencing fishing quotas and sustainability trends affecting supply.