In 2023, the re-import of flour or meal of oil seed and fruit to Canada stood at a stable level. However, the forecast data from 2024 to 2028 indicates a consistent downward trend, decreasing from $27.03K in 2024 to $9.75K in 2028. The year-on-year percentage shows a steady decline, reflecting a reduced dependency on these imports or possibly increased domestic production. The compound annual growth rate (CAGR) analysis over this five-year forecast period highlights a significant average reduction in value, indicating a considerable shift in market dynamics.
Future trends to watch for include:
- Potential increases in domestic production capabilities affecting re-imports.
- International trade agreements impacting import costs and availability.
- Shifts in consumer demand towards alternative products or suppliers.
