In 2023, the re-import value of dried leguminous vegetables to Canada stood significantly below the forecasted value. Based on projections from 2024 to 2028, there is a consistent upward trend, with moderate year-on-year increases observed. From 2024 to 2025, the value increases by approximately 0.95%, while the following year sees a similar trend of about 0.92%. By 2028, a typical Compound Annual Growth Rate (CAGR) suggests an average rise of around 0.93% over the five-year span.
Future trends to watch for:
- Trade policies affecting imports of legumes.
- Changes in domestic production affecting re-import needs.
- Shifts in consumer preferences toward plant-based proteins.
- Global leguminous crop yield and its impact on pricing.
- Economic changes that may influence currency exchange rates.
