In 2023, the import of flavoured or coloured refined sugar in solid form to Canada stood at an unspecified value. Forecasts for the years 2024 to 2028 suggest a gradual increase in value, from $7.1653 million in 2024 to $7.7162 million in 2028. The year-on-year variation indicates a consistent upward trend, with the average annual growth rate reflecting steady demand for these products. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) signifies a modest yet persistent rise in imports.
Future trends to watch for include fluctuations in global sugar prices, changes in consumer preferences, and potential impacts of international trade agreements. Monitoring these factors will be crucial for understanding the dynamics behind the anticipated import growth and adapting to potential market shifts.
