In 2023, Canada's import volume of wine lees and argol stood as a baseline for projected trends. Forecasted figures from 2024 onwards indicate a steady decline in imports, with a noticeable year-on-year decrease. Specifically, projected imports shrink from 7.94 thousand kilograms in 2024 to 2.89 thousand kilograms by 2028. This reflects a significant downward trend.
Over the five-year span, the compound annual growth rate (CAGR) reveals an average reduction in import volume, suggesting a consistent decline in demand or a shift in sourcing strategy.
Future trends to watch for include:
- Potential changes in domestic production capabilities impacting import needs.
- Shifts in trade policies or tariffs influencing Canadian import strategy.
- Evolution in consumer preferences towards alternative products or local substitutes.
