The forecast for Canada's domestic disappearance of lentils from 2024 to 2028 shows a slight downward trend, with volumes decreasing from 247.4 to 244.2 thousand metric tons. When considering the year-on-year variations, the data suggests marginal declines each year: -0.32% from 2024 to 2025, -0.32% from 2025 to 2026, -0.33% from 2026 to 2027, and -0.33% from 2027 to 2028. This results in a negative compound annual growth rate (CAGR) over the five-year period, indicating a gradual reduction in domestic consumption. Data for 2023 is required to provide year-on-year variation but is omitted in this analysis.
Future Trends to Watch:
- Monitor changes in consumer preferences towards plant-based proteins which could impact lentil demand.
- Observe shifts in agricultural practices or policies that might affect production and prices.
- Follow global trade dynamics, particularly agreements affecting Canadian lentil exports, which may alter domestic supply and demand dynamics.
