In 2023, the actual imports of salted or in brine cod to Canada stood at a certain benchmark value which acts as the starting point for all 2024 forecasts. The forecast from 2024 to 2028 indicates a slight but consistent decline in market value. Each subsequent year shows a reduction in import value, beginning at 4.7173 million USD in 2024, gradually decreasing to 4.4324 million USD by 2028. This trend reflects an annual contraction as expressed in the average percentage change over the five-year forecast period.
Future trends to watch for include the impact of global seafood demand shifts, international trade policies, and potential ecological effects on cod supply that could alter these forecasts. Keeping abreast of changes in consumer preferences for fish consumption and any technological advancements in preservation methods could also influence market dynamics. Additionally, Canada's domestic fishing policies and tariff adjustments may play critical roles in altering the import landscape for salted or in brine cod.
