The import volume of fresh oranges in Canada has shown notable fluctuations over the past decade, peaking in 2020 and dipping in certain periods like 2014 and 2022. In 2023, the volume stood at 343.3 thousand metric tons, reflecting a modest year-on-year increase of 3.63%. The year-on-year variation over the past two years indicated a decline of 5.05% in 2022, followed by a recovery in 2023. The 5-year CAGR leading up to 2023 was 0.47%, suggesting slow but steady growth.
Forecasts from 2024 onwards predict a gradual increase in import volumes, with a forecasted 5-year CAGR of 0.27%, reaching 349.17 thousand metric tons by 2028. This indicates a stable yet unspectacular growth trajectory.
Future trends to watch for include potential impacts from global orange supply fluctuations, changes in Canadian consumer preferences, and any trade policy adjustments that may influence import dynamics.
