The import of live trees, plants, bulbs, roots, and cut flowers to Canada is projected to increase steadily from 2024 to 2028, starting at 461.9 million USD in 2024 and reaching 487.51 million USD by 2028. In 2023, the import value was less, indicating a positive trend. The year-on-year growth ranges from 1.4% to 1.5%, with a compound annual growth rate (CAGR) of approximately 1.3% over the forecast period. This reflects sustained demand in the Canadian market.
Future trends to watch for include potential impacts from climate change affecting sourcing countries, tariffs or trade agreements influencing import costs, and consumer preferences shifting towards eco-friendly and sustainable plant varieties, which might drive changes in this sector's growth pace.
