In 2023, Canada imported frozen cuttlefish and squid at a lower volume compared to the forecasted figures for 2024 onwards. From 2024 to 2028, Canadian imports of these seafood items are projected to grow consistently, reflecting a Compound Annual Growth Rate (CAGR) over this period. The year-on-year growth rates suggest a gradual increase in demand and importation. This pattern indicates a positive trend for the frozen cuttlefish and squid market in Canada.
Future trends to watch for include:
- Potential changes in consumer preferences towards seafood.
- Impact of climate change on the supply chain.
- Shifts in trade policies that may affect import dynamics.
- Technological advancements in seafood preservation and transportation.
