Over the past decade, the import of dried fruits to Canada has shown a general trend of growth with occasional fluctuations. Starting from 66.392 million USD in 2013, the value increased to 70.115 million USD by 2023. Notably, there were declines in 2016 and 2019, but the overall trend remained positive. The year-on-year variation from 2022 to 2023 was 1%, indicating a steady market. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) is relatively modest at 0.54%. As of 2023, the import value stands at 70.115 million USD.
Looking ahead, the forecasted data suggests continued modest growth in the market. By 2028, the imports are expected to reach 73.461 million USD with a forecasted 5-year CAGR of 0.71%. This indicates consistent but slow market expansion.
Future trends to watch for include:
- Potential impacts of changing global trade policies and tariffs on import volumes.
- Shifts in consumer preferences towards dried fruits as part of a healthy diet.
- Advancements in food preservation technology which may influence supply chains.
- Economic factors such as currency fluctuations and their effect on import costs.
