The forecast for Canada's pea import volume remains stable from 2024 to 2027, hovering at 21,000 metric tons annually. This constancy signifies no expected growth or decline year-on-year during this period. However, a slight decrease to 20,000 metric tons is anticipated in 2028, marking a modest downtrend. Compared to 2023, when the volume was 21,000 metric tons, there is no immediate variation, thus reflecting stability. The five-year CAGR is expected to be minimal, indicating a predominantly steady import volume outlook over the mid-term.
Future trends to watch for include:
- Potential shifts in global pea production that could impact supply and demand dynamics.
- Changes in Canadian dietary trends which may affect pea consumption levels.
- Possible trade policy adjustments and their implications on import volumes.