The consumption of fresh and frozen sea fish in Canada has exhibited significant fluctuations from 2013 through 2023, standing at 170.82 Thousand Metric Tons in 2023. Over this period, the market has seen noteworthy increases, particularly a considerable 21.92% surge in 2022 followed by a decline of 9.02% in 2023. The last five years show an average annual growth rate (CAGR) of 2.95%. Forecasts from 2024 to 2028 predict a plateauing trend with a CAGR of 2.36% and an overall growth rate of 12.38%.
Future trends to watch for:
- Increasing consumer demand for sustainable and locally sourced seafood.
- Potential regulatory changes affecting import-export dynamics of sea fish.
- Impact of climate change on sea fish availability and industry practices.
