The import of cereals to Canada is forecasted to increase from 2024 to 2028, with values rising from approximately $1.14 billion to $1.26 billion. Compared to the previous actual data available for 2023, which stood at an import value of around $1.106 billion, the import values show a progressive increase. The year-on-year growth from 2024 to 2025 is about 2.7%, from 2025 to 2026 it is around 2.6%, from 2026 to 2027 it is about 2.5%, and from 2027 to 2028 it is approximately 2.4%. The compounded annual growth rate (CAGR) over the five-year period is approximately 2.7%.

Future trends to watch for include:

Impact of climate changes on cereal production globally, which may affect import needs.
Potential trade policy changes that could influence import costs and volumes.
Technological advancements in agricultural production that might alter import dependency.
Shifts in dietary preferences influencing the demand for cereals.