Finfish production in Canada will see a steady incline, starting from 128.31 thousand metric tons in 2013 to 157.88 thousand metric tons in 2023. The actual data underscores instances of volatility, notably a steep decline in 2014, a significant rise in 2015, and minor fluctuations from 2016 to 2022. From 2024 onwards, forecasts indicate consistent growth, culminating in 180.07 thousand metric tons by 2028. The year-on-year variation confirms fluctuating trends, while the average annual growth rate (CAGR) for the last five years reveals moderate growth.
Future trends to watch for:
- Impact of climate change on marine ecosystems
- Innovation and technology in aquaculture
- Policy regulations affecting production
- Consumer demand for sustainable seafood
