The import of avocados to Canada is projected to see a consistent increase over the next few years. In 2023, the value stood at USD 283.69 million. The forecast indicates a year-on-year increase of approximately 3.6% from 2023 to 2024, 3.6% from 2024 to 2025, 3.4% from 2025 to 2026, 3.2% from 2026 to 2027, and 3% from 2027 to 2028. Over the last two years, the growth rate has been stable. The Compound Annual Growth Rate (CAGR) over the five-year forecast period (2024-2028) is projected to be 3.36%.

Future trends to watch for include:

Potential impacts of climate change on avocado production areas, which could affect supply and prices.
Shifts in consumer preferences toward sustainable and ethically sourced produce.
Economic factors such as exchange rates and trade policies that may impact import costs.
Technological advancements in agriculture and logistics that could improve supply chain efficiency.