In 2023, the re-import value of cured or smoked fish to Canada was notable, setting the scene for a declining trend in the following years. According to the forecast, by 2024, the value is expected to begin at $25.96 thousand, with a year-on-year decline observed steadily through to 2028, when it reaches $18.77 thousand. From 2024 to 2028, the compound annual growth rate (CAGR) highlights a consistent decrease, indicative of an industry under pressure. This signifies a negative trajectory in consumer demand or external trade conditions influencing this sector.

Future trends to watch for:

Changes in global fish supply and production costs, impacting import dynamics.
Shifts in consumer preferences towards fresh or alternative protein sources.
Potential regulatory changes that could alter trade flows.
Technological advancements in preservation and transportation affecting quality and price.