Forecasts predict steady growth for Canadian seafood imports from 2024 to 2028. The value in 2024 stands at $2.4851 billion and increases to $2.6972 billion by 2028. This suggests a consistent year-on-year increase, signaling a robust demand for seafood imports. It's important to note that the value for 2023 was $2.4321 billion.
Year-on-year variation shows:
- 2024 to 2025: 2.2% increase
- 2025 to 2026: 2.1% increase
- 2026 to 2027: 2.0% increase
- 2027 to 2028: 2.0% increase
The Compound Annual Growth Rate (CAGR) across the five-year span is anticipated to be approximately 2.1%.
Future trends to watch for include consumer preference shifts towards sustainable seafood options, potential impacts of international trade policies, currency fluctuations, and innovations in seafood preservation and transportation which could influence import volumes and values.
