The forecasted import of fresh cheese to Canada from 2024 to 2028 shows a steady growth in value. In 2023, the import value was recorded as $8.5 million. The projections indicate an incremental annual growth, with the value increasing from $8.8738 million in 2024 to $10.001 million in 2028. Year-on-year, there is a consistent rise of approximately 3-4%, with a compound annual growth rate (CAGR) of around 3% expected over this five-year forecast period.
Trends to watch for include potential fluctuations in global cheese prices, changes in trade agreements affecting import tariffs, and evolving consumer preferences towards specialty or locally produced cheeses, which may impact the demand for imported varieties.
