The import value of Vitamin B2 to Canada has largely exhibited an increasing trend from 2013 to 2023, reaching 8.5038 million USD in 2023. Notable fluctuations occurred, particularly in 2018 with a significant spike of 94.29% year-on-year, while 2019 saw a sharp decline of 27.59%. From 2022 to 2023, imports increased by 3.54%, and the average variation per year over the past 5 years was -2.01% CAGR.
Future trends to watch for include a steady growth in imports, with a forecasted annual growth rate of 2.55% CAGR over the next five years reaching 10.068 million USD by 2028, an overall growth of 13.39% from 2023. Key factors influencing future trends could be changes in regulatory frameworks, advancements in supplement health claims, increased consumer awareness, and shifts in dietary preferences.
