The import of maize starch into Canada is projected to follow a growth trajectory from 2024 to 2028, rising from $28.463 million to $29.659 million. This indicates a steady annual increase, with each year recording a growth of about 1% over the previous year. Reflecting back to 2023, imports stood at approximately $28 million. If these forecasts hold, the compound annual growth rate (CAGR) over the five-year period is moderate, showing consistent growth without dramatic spikes.
Future trends to watch for include:
- Changes in domestic production that could impact import demands.
- Fluctuations in international trade agreements or tariffs affecting cost and availability.
- Shifts in consumer preferences towards maize-based products, potentially altering import volume.