In 2023, Canada's import of frozen whole flatfish stood notably below the forecasted levels for the following years. From 2024 onwards, there is a clear downward trend in import volumes, decreasing from 173.79 thousand kilograms in 2024 to 144.74 thousand kilograms by 2028. The year-on-year forecasted variations highlight a continuous decline averaging approximately -4.5%. The projected compound annual growth rate (CAGR) over this forecasted period reflects a steady decrease, indicating a diminishing demand or a shift in supply factors impacting imports.
Future trends to watch include shifts in global flatfish market dynamics, potential changes in Canadian dietary preferences impacting seafood consumption, and any trade policy adjustments that may influence import volumes. Monitoring these factors will be crucial in understanding the trajectory of flatfish imports in the coming years.
