In 2023, the re-import of fresh cherries to Canada stood at a significant value, forming the base for projections. From 2024 onwards, the forecasts indicate steady growth with a year-on-year increase ranging from approximately 5% to 6% each year, reflecting a positive trend. Over the five years, the compound annual growth rate (CAGR) is about 4.5%, highlighting a consistent upward trajectory in the market.
Future trends to watch for include:
- Potential impacts of climate change on cherry production in key regions.
- Changes in trade policies between Canada and major cherry-exporting countries.
- Consumer demand shifts towards organic or locally sourced cherries.
