Key Market Indicators
Canadian bread exports are projected to hit approximately $4.2 billion by 2028, up from around $3.6 billion in 2023. This represents an average annual growth rate of 2.5%. Historical data shows that since 1994, Canada's bread supply has increased steadily at an average rate of 4.7% per year. On the import side, Canadian bread imports are expected to reach about $2 billion by 2028, compared to $1.8 billion in 2023. This marks an annual growth rate of 1.8%. Since 1994, the demand for imported bread in Canada has surged at an average rate of 3.1% per year.