The data reveals a consistent decline in the forecasted re-import value of vinegar and substitutes made from acetic acid into Canada from 2024 to 2028. In 2023, the actual re-import value stood higher than in 2024, indicating the start of a downward trend. The year-on-year percentage changes show a steady decrease in value, reflecting a growing contraction in this market segment. Specifically, from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be negative, signifying an overall declining trend over the five-year forecast period.
Future trends to watch for:
- Potential shifts in consumer preferences towards alternatives to vinegar.
- Impact of changing trade policies or international tariffs affecting re-import costs.
- Any technological advances in vinegar production that could influence market dynamics.
- Environmental factors or sustainability trends that may alter the demand for vinegar.