In 2023, Canada's fresh corn imports stood at an actual volume of 45.34 thousand metric tons. The forecast for 2024 anticipates a volume of 45.73 thousand metric tons, marking a slight year-on-year increase of 0.86%. The trend indicates a steady growth in corn imports, with each subsequent year showing an approximate increase of 0.83% to 0.85% annually. The compounded annual growth rate over the next five years (2024 to 2028) is expected to be around 0.8% per year.
Future trends to watch for include:
- Potential impact of climate change on domestic corn production influencing import needs.
- Trade policy changes that could affect import volumes and costs.
- Shifts in consumer demand for fresh corn and related products.