The forecasted imports of frozen fish to Canada from 2024 to 2028 indicate a steady upward trend, with values rising from $220.52 million in 2024 to $242.41 million in 2028. This suggests a consistent year-on-year growth rate. Comparatively, the 2023 value stood at $213.00 million, establishing a positive growth trajectory.
Year-on-year growth percentages: - 2024: ~3.52%- 2025: ~2.51%- 2026: ~2.43%- 2027: ~2.36%- 2028: ~2.27%
Compound annual growth rate (CAGR) for 2024-2028 is approximately 2.62%.
Future trends to watch for include changes in consumer preferences, sustainable sourcing practices, potential trade policy adjustments, and climate impacts on fish supply. Monitoring these factors could provide insights into fluctuations in import volumes and values.
