The forecast for Canada's import of prepared or preserved crustaceans and molluscs shows a steady upward trend with values increasing from 478.4 million USD in 2024 to 548.56 million USD by 2028. This reflects consistent growth, driven by increasing demand and potential shifts in consumer preferences towards seafood. The year-on-year variations are approximately 3.8% for 2025, 3.6% for 2026, 3.4% for 2027, and 3.2% for 2028. The compound annual growth rate (CAGR) over this five-year period is around 3.5%, indicating sustainable demand expansion.
Future trends to watch for include:
- Shifts in global trade policies impacting seafood imports.
- Changes in consumer preferences towards organic or sustainably sourced seafood.
- Potential supply chain disruptions affecting import volumes and costs.
- Technological advancements in food preservation enhancing product shelf life.
