The import of fresh or chilled live scallops to Canada is projected to decrease progressively from 2024 to 2028. Starting from a value of 6.7744 Million USD in 2024, the imports are expected to decline each year, reaching 4.5356 Million USD by 2028. This indicates a consistent downward trend with a significant annual decline rate. The trend clearly shows a diminishing interest or necessity for fresh scallop imports, suggesting possible noticeable changes in domestic production, consumer preferences or economic conditions affecting seafood markets.
Key future trends to watch for include:
- Potential growth in domestic scallop production reducing import dependency.
- Changes in consumer preferences towards alternative seafood or local products.
- Impact of international trade agreements or tariffs influencing import costs.
- Possible environmental regulations affecting seafood harvest and trade.
