The forecast for Canada's import of frozen whole sardines, brisling, and sprats suggests a steady decline from 2024 to 2028, with values moving from $1.1049 million to $0.97321 million. In 2023, the value stood at $1.15 million, indicating a continued downward trajectory. The year-on-year variations show slight decreases primarily attributed to fluctuating demand and market conditions. The compound annual growth rate (CAGR) over this five-year period is negative, reflecting an average annual decrease in import value.
Future trends to watch for include potential shifts in global supply chains impacting availability, trade policy changes, and modifications in consumer preferences towards alternative proteins which may influence import volumes in subsequent years.
