The re-import of crushed or ground pepper of the genus Piper to Canada is forecasted to slightly decline from 2024 to 2028, starting at 19.95 thousand USD in 2024 down to 19.12 thousand USD by 2028. Assuming a stable base in 2023, the initial data indicates a gradual annual decrease. Year-on-year percentage decreases are relatively mild, indicating a stable yet declining market trend over the next five years. The compound annual growth rate (CAGR) for this period reflects a modest negative growth trend.
Future trends to watch for include:
- Global demand fluctuations for crushed or ground pepper impacting import needs.
- Trade policies or tariff changes affecting re-import costs and volumes.
- Shifts in consumer preferences towards alternative spices or seasoned products.
