The import of frozen lobsters to Canada is projected to experience steady growth from 2024 through 2028. In 2023, the import volume stood at approximately 1.09 million kilograms. This forecast shows an upward trend with expected volumes reaching 1.2529 million kilograms by 2028, reflecting a cumulative annual growth rate (CAGR) of around 2.8% over the forecast period. This positive trajectory highlights an increasing demand for frozen lobsters within the Canadian market.
Future trends to watch for:
- Potential impacts of international trade agreements on import tariffs.
- Changes in consumer preferences towards sustainable seafood options.
- Influence of global economic conditions on import costs and availability.
- Innovations and efficiencies in supply chains improving import logistics.
