The forecast for Canada’s fish liver oil import volume shows a decreasing trend from 2024 to 2028. Starting at 220 metric tons in 2024, it declines steadily to 200 metric tons by 2028. There was stability in the volumes between 2024 and 2025, and again between 2026 and 2027, but a consistent overall yearly decline is evident.
In considering variations, there is no change from 2024 to 2025 and from 2026 to 2027. The decline begins from 2026 onward, decreasing 4.55% from 2026 to 2027 and from 2027 to 2028. Assuming that the volume stood at 230 metric tons in 2023, the five-year CAGR highlights a decreasing trend, indicating a gradual decline of around 2.74% per year over the five-year period.
Future trends to watch for include shifts in consumer preferences towards alternative health supplements, potential environmental regulations impacting fish oil production, and market conditions affecting global supply chains. Additionally, trends in sustainable sourcing could influence import volumes as regulatory requirements rise.
