In 2023, Canada's swine imports stood at around 5.0 thousand units. The forecast for 2024 to 2027 predicts a steady trend with imports remaining constant at 5.0 thousand units each year. In 2028, a slight increase is projected, rising to 6.0 thousand units, indicating a modest 20% year-on-year increase compared to the previous year. Over the five-year period, the compound annual growth rate (CAGR) is calculated at approximately 3.7%, reflecting a stable yet slow growth trajectory in swine imports.
Future trends to watch for include potential market shifts due to changes in domestic production, international trade regulations, and evolving consumer preferences toward more sustainable practices. Monitoring these factors could provide insights into future import needs and growth patterns.
