The import of crustaceans into Canada has shown fluctuating trends over the years. In 2013, the value stood at 728.28 million USD, peaking in 2014 with a 20.42% year-on-year increase. However, subsequent years saw considerable fluctuations, including a notable dip in 2015 and substantial decrease in 2017 and 2020. Recent years from 2021 to 2023 saw modest increments, culminating in a 2023 value of 751.17 million USD.
The average growth rate over the last five years is approximately 0.78% CAGR, indicating stabilization after significant past fluctuations. Forecasts predict a steady growth trend through 2028, with an expected 5-year CAGR of 0.82%.
- In 2023, the value of imports was 751.17 million USD.
- The variation over the last two years showed an upward trend with year-on-year increases of 6.37% in 2022 and 1.02% in 2023.
- Steady growth is anticipated in the next five years, with the value expected to reach 788.48 million USD by 2028.
Trends to watch for include potential impacts of global supply chain disruptions, changing consumer preferences toward sustainable seafood, and economic conditions influencing import volumes. Monitoring trade relations and tariff changes will also be crucial for forecasting future import trends accurately.
