In 2023, the imports of fresh or chilled Pacific, Atlantic, and Danube salmon fillets to Canada stood at approximately 198.50 million USD. The forecasted data from 2024 suggests a consistent upward trend, with imports increasing from 206.99 million USD in 2024 to 242.54 million USD by 2028. The year-on-year percentage variation indicates a stable growth pattern, averaging around 3.46% annually, reflecting a Compound Annual Growth Rate (CAGR) of approximately 4.07% over the five-year period from 2023 to 2028.
Future trends to watch for include:
- Potential impacts of climate change on salmon populations and harvesting.
- Regulatory changes affecting the import and sustainability practices of seafood.
- Shifts in consumer preferences towards sustainable and organic seafood options.
- Economic factors such as currency fluctuations and trade agreements influencing pricing and demand.