Canada's canned peas export size is anticipated to reach 3.1 thousand metric tons in 2024, continuing a steady annual growth to 3.18 thousand metric tons by 2028. In 2023, the export volume stood at around 3.08 thousand metric tons. This reflects a modest but consistent year-on-year increase of approximately 0.64% from 2024 to 2028. The compound annual growth rate (CAGR) over the forecast period is calculated to be roughly 0.64%, suggesting a stable upward trend in export volumes over five years.
Future trends to watch for:
- Potential impact of global economic conditions and trade policies on export volumes.
- Changes in global consumer demand for canned peas as a health-focused food option.
- Technological advancements in canning processes improving product appeal.
- Increased focus on sustainable packaging driving demand from eco-conscious markets.