The forecast for the import of fresh apricots to Canada indicates a gradual decline from 2024 through 2028, with values expressed in million US dollars. In 2023, the imports stood at an estimated level before the forecast commenced. The year-on-year analysis demonstrates a consistent downward trend with a small reduction in import value each consecutive year. The five-year compound annual growth rate (CAGR) suggests an average annual decrease in the import value, reflecting a contraction of demand or possible changes in supply dynamics.
Future trends to watch for:
- Changes in domestic apricot production which might influence import needs.
- International trade policies that may impact import costs and preferences.
- Shifts in consumer preferences towards alternative fruits or local produce.
