The forecast for the import of agricultural sprays and powder dispersers to Canada indicates a slight, steady decline from 2024 to 2028. Starting at 103.84 million USD in 2024, the imports are projected to decrease gradually to 102.51 million USD by 2028. The data from 2023, which precedes this forecast, is essential to assess the more extended trend, suggesting a transition point and necessitating close monitoring of market dynamics.
Year-on-year percentage variations for the years provided show a decreasing trend, which suggests declining demand or increasing domestic production capabilities. The compound annual growth rate (CAGR) over these five years reflects a modest contraction in importation levels.
Future trends to watch for include:
- Technological advances in domestic agricultural production that could reduce reliance on imports.
- Changes in trade agreements that may affect import costs and volumes.
- Fluctuations in global supply chains that could impact the availability and cost of agricultural sprays and powder dispersers.
- Environmental regulations influencing the type and volume of agricultural chemicals permissible in Canada.
