The forecast for the re-import of fresh or chilled whole herring to Canada shows a steady decline from 601.96 kilograms in 2024 to 487.23 kilograms by 2028. Since the forecasted values start from 2024, we assume that 2023 saw stability around similar import levels. From 2024 onwards, the year-on-year decrease is approximately 5% in 2025, 5% in 2026, 5% in 2027, and roughly 5.4% in 2028. The compound annual growth rate (CAGR) over the forecasted period is around -5%, indicating a clear downward trend.
Future trends to watch for:
- Potential policy changes impacting re-imports.
- Shifts in consumer preference towards locally sourced seafood.
- Environmental factors affecting herring availability.
- Currency fluctuations impacting trade dynamics.
