The forecasted import values of vinegar and substitutes from acetic acid to Canada suggest a consistent annual increase. From 2024 to 2028, the import values are projected to grow steadily, reaching $55.11 million USD in 2028 from $50.619 million USD in 2024. This demonstrates a compound annual growth rate (CAGR) over the period, with each year showing a positive year-on-year percentage change.
In 2023, the actual import value stood lower than the forecasted figure for 2024, reflecting the start of a growth trend. The year-on-year variations illustrate a stable market demand and potential import growth, essential for strategic market decisions.
Future trends to watch for include:
- Changes in consumer preferences towards vinegar and substitutes influenced by health trends.
- Potential trade agreements that could affect import costs and competitiveness.
- Fluctuations in global acetic acid supplies, impacting production costs.
- Environmental policies affecting production and import standards.
