The value of pork preparations exported from the US to Canada has seen significant fluctuations over the years. Starting from a peak in 2014, there was a declining trend until 2019, followed by a substantial drop to 41.9 thousand metric tons in 2020. The subsequent years show a gradual but uneven recovery, culminating in a volume of 52.99 thousand metric tons in 2023. The year-on-year variation since 2022 reveals increases of 6.73% and 3.58% respectively. However, the forecast for the next five years indicates a marginal decline, with a CAGR of -1.19% and an overall reduction of 5.81% by 2028.
Future trends to watch for include potential impacts of trade policies between the US and Canada, shifts in consumer preferences towards alternative protein sources, and any changes in production costs influenced by factors like feed prices or labor costs. Keep an eye on these variables as they could significantly affect the export volumes in the coming years.
