The forecast for live trout imports to Canada indicates a steady decline from 2024 to 2028, with values decreasing from 348.38 thousand USD in 2024 to 292.58 thousand USD in 2028. This reveals a consistent, albeit gradual, downward trend in import value, reflecting a compound annual growth rate (CAGR) decline over the projected years.
The year-on-year percentage variation highlights this consistent decrease, presenting a clear pattern of declining imports over the analyzed period. In 2023, live trout imports stood at a higher baseline, setting the context for the subsequent forecasted decline.
Future trends to monitor include:
- Potential impacts of climate change on trout populations and aquaculture.
- Changing consumer preferences towards alternative fish or seafood products.
- Trade policy and tariff changes affecting fish imports.
- Technological advancements in aquaculture improving local supply capabilities.
