The import of frozen whole mackerel to Canada is projected to experience a steady increase from 2024 to 2028, with values incrementally rising from $7.7925 million to $8.6799 million. The analysis of the forecast shows a consistent upward trend, highlighting a positive growth trajectory over the five-year period. As of 2023, the value of imports was lower than those forecasted for 2024, indicating a healthy projected growth in demand or value.
Notably, the year-on-year growth percentage averages around 2.5% for this period, demonstrating a stable upward market trend. The Compound Annual Growth Rate (CAGR) for this period reflects sustainable growth across these years.
Future trends to watch for include potential market fluctuations due to changes in global supply chains, Canadian consumer demand shifts, and environmental factors affecting mackerel supply. Monitoring trade agreements and fishing quotas will also be crucial, as these can significantly impact import volumes and values.
