The forecasted potato import volume in Canada shows a slight year-over-year increase from 303 to 305 thousand metric tons from 2024 to 2028, suggesting a stable demand. In 2023, imports were recorded at slightly below 303 thousand metric tons. Observing the last two years, there is a minimal annual growth rate of approximately 0.33%. Over the next five years, the compounded annual growth rate (CAGR) is expected to be approximately 0.33%, indicating a steady, slow increase in imports.
Future trends to watch for include potential impacts from climate change on potato production domestically and abroad, trade policies changes, and shifts in consumer preferences towards potato-based products which may affect import volumes.
