The pulses import volume in Canada is projected to follow a steady upward trend from 2024 to 2028. In 2023, the volume stood at approximately 129 thousand metric tons. The forecasted year-on-year growth rates indicate slight but consistent increases, with volumes expected to grow from 133 thousand metric tons in 2024 to 147 thousand metric tons by 2028. Thus, the compound annual growth rate (CAGR) over this five-year period reflects moderate growth in demand for pulses imports.
Future trends to watch for:
- Changes in domestic agricultural policies impacting import needs.
- Global market shifts affecting supply chain dynamics.
- Emerging dietary preferences favoring plant-based proteins.
- Economic factors influencing import volumes and pricing.
