In 2023, Canada's import volume of lemons and limes was 108.1 thousand metric tons. Based on the forecast data for 2024 to 2028, there is a continuous decline in import volumes from 107.3 thousand metric tons in 2024 to 104.2 thousand metric tons by 2028.
Year-on-year percentage changes highlight a consistent trend of around 0.7% decrease annually. The compound annual growth rate (CAGR) over the five-year period indicates a decrease in import volume at an average rate of around 0.8% per year.
Future trends to watch for:
- Potential shifts in domestic production capabilities or consumer preferences affecting import demand.
- The impact of trade policies or economic conditions on import dynamics.
- Emergence of alternative sources or substitute products impacting the lemon and lime market.