The forecast for Canada's pelagic fish import volume shows a clear downward trend from 2024 to 2028, with a steady annual decrease projected. Starting from 2024, the import volume is expected to fall progressively each year. Given that in 2023, the import volume was slightly above the 2024 level, this indicates a consistent year-on-year decline. Calculating the percentage change highlights a compound annual growth rate (CAGR) reflective of this declining pattern over the specified five-year period.

Future trends to monitor include:

Changes in global fishing quotas and sustainability regulations that might impact availability and pricing.
Shifts in consumer preferences, potentially towards alternative protein sources, affecting demand.
Economic factors, such as currency fluctuations and trade agreements, influencing import volumes.