The employment in the seafood sector in Canada showed fluctuating trends over the past decade. Starting at 12.46 thousand persons in 2013, it reached 12.0 thousand persons in 2023. The sector experienced notable declines in specific years, especially in 2016 (-3.97%) and 2020 (-11.23%), but also saw periods of recovery, notably in 2017 (6.7%) and 2021 (16.3%). The five-year average variation per year (CAGR) from 2018 to 2023 was relatively stable at 0.26%, though overall growth was minimal.
Looking ahead from 2024 to 2028, the employment in the seafood sector is expected to slowly decrease with a forecasted CAGR of -0.13%, translating to a minor decline annually. By 2028, employment in this sector is anticipated to drop to 11.9 thousand persons. Future trends to watch for include technological advancements in seafood processing and the impact of regulatory changes aimed at sustainability.
