Canada's pulses export volume is forecasted to slightly decrease from 5.17 million metric tons in 2024 to 5.02 million metric tons by 2028, showing a consistent downward trend over the five-year period. In 2023, the actual export volume was slightly higher, signaling the start of a gradual decline.
Year-on-year variations show a small but continuous decline: 2025 marks a decrease of 0.77% from 2024, 2026 a drop of 0.78% from 2025, 2027 a reduction of 0.59% from 2026, and 2028 a decrease of 0.79% from 2027. The Compound Annual Growth Rate (CAGR) over this five-year forecast is negative, indicating a gradual decrease in export volumes.
Future trends to watch for include potential impacts of global economic conditions, climate changes affecting agricultural yields, trade policy changes, and technological advancements in agriculture that may alter Canada's competitive position in the global pulses market.
