The import of frozen fish meat and mince to Canada showed varying trends from 2013 to 2023. In 2023, the import value stood at $141.49 million. Over the last two years, the year-on-year variations were 0.63% for 2022 and 2.52% for 2023. The five-year CAGR from 2019 to 2023 was 4.15%, reflecting moderate growth. Over the past decade, imports have fluctuated, with significant decreases in 2015 and 2016, but a strong recovery in subsequent years, particularly from 2019 onwards.
Looking ahead, the forecast anticipates steady growth in the import value, with a five-year CAGR of 1.72% up to 2028 and a forecasted growth rate of 8.91%. Future trends to watch for include changes in global fish supply chains, potential trade policy shifts, and fluctuations in demand driven by consumer preferences and market conditions.
