Fisheries exports in Canada stood at $6.00 billion in 2023. Forecasts for the upcoming years show a steady increase, with projected values reaching $6.09 billion in 2024, $6.19 billion in 2025, $6.28 billion in 2026, $6.35 billion in 2027, and $6.41 billion in 2028. This showcases an average year-over-year growth rate ranging around 1.5% annually. Over the previous two years, 2022 to 2023 had a similarly moderate growth trend, reinforcing the stability of this industry. The compounded annual growth rate (CAGR) over the next five years stands consistently at around 1.5%.
Future trends to watch for include potential impacts from climate change on fish populations, advancements in sustainable fishing practices, and international demand fluctuations driven by economic conditions in key export markets. Monitoring regulatory changes and technological innovations in aquaculture will also be crucial for maintaining and boosting export levels.
