The forecast for butter imports in Canada shows a steady increase from 27.68 thousand metric tons in 2024 to 29.15 thousand metric tons in 2028. This equates to average year-on-year growth rates of approximately 1.34%. The compound annual growth rate (CAGR) over the five-year period is anticipated to be 1.32%, highlighting a moderate upward trend. In 2023, the import value stood at approximately 27.35 thousand metric tons, indicating expansion in demand or consumption outpacing domestic production capabilities.
Future trends to watch for include potential changes in trade policies, shifts in consumer preferences towards alternative fats, or innovations in domestic dairy production that could affect import levels. Additionally, global market fluctuations and currency exchange rates may impact butter import dynamics in Canada.
