Forecast: Shellfish Supply in Canada

From 2013 to 2023, Canadian shellfish supply demonstrated fluctuating trends with notable increases and decreases. Notable growth years included 2014 (up 5.6%) and 2021 (up 11.19%), while notable declines occurred in 2016 (down 6.11%) and 2020 (down 10.78%). The supply stood at 169.3 thousand metric tons in 2023 with a recent CAGR of 1.15% over the last five years.

For the future, an average annual growth rate of 0.41% is forecasted up to 2028, leading to a total projected growth of 2.06% over these five years. Key trends to watch for include:

  • Impacts of climate change on shellfish populations and harvesting conditions.
  • Global market demand variations influenced by international trade policies.
  • Technological advancements in aquaculture and sustainable fishing practices.
  • Potential regulatory changes affecting shellfish farming and environmental protection.

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