The re-import of fresh or chilled scallops other than live to Canada exhibits a significant downward trend from 2024 to 2028, with a compounded annual growth rate (CAGR) suggesting a sharp decline. This is a continuance of previous trends, as the forecasted values display a noticeable decrease in volume from 4.72 thousand kilograms in 2024 to just below 1 thousand kilograms in 2028. Notably, these figures demonstrate a marked reduction from any historical peaks achieved prior to 2023.
Future trends to watch for:
- Potential shifts in consumer demand or preferences that might affect import volumes
- Changes in international trade policies or tariffs impacting re-import activities
- Canadian fisheries' sustainability and domestic production affecting import reliance