The crustaceans production in Canada exhibited a generally downward trend from 2014 to 2023. From a peak value in 2015, the production saw significant fluctuations, with notable drops in 2016 and 2020. Despite a temporary recovery in 2021 and 2022, production declined again in 2023, reaching 263.51 thousand metric tons. The year-on-year variation in 2023 was -1.4%, while the five-year CAGR was -1.38%, indicating an average annual decrease.
Future projections indicate a continued decline in crustaceans production, with a forecasted five-year CAGR of -1.21% and an overall decrease of 5.93% by 2028. This suggests a persistent downward trend for the foreseeable future.
Future trends to watch for:
- Technological advancements in aquaculture that may improve production efficiency.
- Impact of climate change on marine ecosystems, affecting crustaceans populations.
- Regulatory changes and sustainability practices influencing the fishing industry.