In 2023, Canada's import of dried shelled lentils stood at approximately USD 34.5 million. From 2024 onwards, forecasts indicate a steady increase in imports, reaching USD 41.147 million by 2028. Year-on-year growth is projected at an average of approximately 2% to 4%. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 3.6%.
Future trends to watch for include:
- Shifts in global lentil production affecting supply and pricing.
- Changes in trade policies or tariffs impacting import costs.
- Fluctuations in consumer demand for plant-based proteins in Canada.
- Environmental factors such as climate change that may affect global crop yields.