The forecasted imports of fresh or chilled hake to Canada show a steady upward trend from 2024 to 2028, starting at $813.62 thousand in 2024 and rising to $940.81 thousand in 2028. This represents an approximate compound annual growth rate (CAGR) of 3.7% over the five-year period. The year-on-year percentage variation indicates consistent growth, providing a stable forecast for import activities.
In 2023, the imports of fresh or chilled hake stood at a baseline level that marks the commencement of this projected growth trend. The consistent increases forecasted each year highlight a robust demand and steady market conditions.
Future trends to watch for include potential shifts in consumer demand for seafood, changes in trade policies affecting imports, and possible sustainability considerations impacting supply chains. Additionally, developments in the global hake market could influence these forecasts positively or negatively.
