In 2023, Canada's imports of frozen tilapia fillets were valued at $12.5 million. The forecast predicts a consistent downward trend from 2024 through 2028. Year-on-year, imports are expected to decrease by 7.5% in 2025, 7.8% in 2026, 8.3% in 2027, and 9% in 2028. The compound annual growth rate (CAGR) over this period indicates an average annual decline of approximately 7.8%.
Future trends to watch include potential shifts in consumer preferences towards locally sourced or alternative fish products, sustainable fishing practices that may impact import volumes, and the effects of any trade agreement changes that could alter import dynamics.
