In 2023, the re-import of prepared or preserved molluscs and shellfish to Canada stood at approximately 459.5 thousand US Dollars. The forecasted data indicates a steady increase, with the value expected to reach 554.72 thousand US Dollars by 2028. Analyzing the changes, the year-on-year growth rates from 2024 to 2028 reveal consistent upward trends. Specifically, the annual increments are as follows: 4.17% for 2025, 3.92% for 2026, 3.68% for 2027, and 3.49% for 2028, indicating a compound annual growth rate around 3.81% over the five-year period.
Future trends to monitor include potential impacts from climate change on shellfish populations, changes in international trade agreements that may affect re-import tariffs, and consumer demand shifts towards sustainable seafood options, which could influence market dynamics.
