The forecasted data for the import of fresh or chilled whole halibut to Canada suggests a steady decline from 2024 to 2028, beginning at 734.13 thousand kilograms and dropping to 211.68 thousand kilograms by 2028. In 2023, actual imports stood at 800 thousand kilograms, indicating a 2024 decline of 8.2%. The year-on-year decrease is projected to continue with -18.3% in 2025, -22.0% in 2026, -27.6% in 2027, and -37.4% in 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is -25%.
Future trends to watch for include potential changes in consumer demand, shifts in fishing policies, and the impact of climate change on halibut populations, which could alter supply dynamics and influence import volumes.
