In 2023, the import of hop extract to Canada stood at approximately 1.893 million USD. The forecasted values for 2024 to 2028 show a consistent year-over-year increase, reflecting an overall positive trend. Specifically, there is a gradual annual growth of around 1% in forecasted values, indicating a sustained demand for hop extract imports into Canada.

Future trends to watch include:

The impact of global hop production fluctuations, which could influence supply and prices.
Changes in consumer preferences for craft beers and hop-related products, potentially driving further increases or shifts in demand.
Trade policies and tariffs that could affect the import costs or volumes from key exporting countries.