In 2023, the import of roasted and not decaffeinated coffee to Canada was at 573.2 million USD. The forecast indicates a steady upward trend in imports, increasing from 581.22 million USD in 2024 to 612.96 million USD in 2028. This reflects a compound annual growth rate (CAGR) of approximately 1.4% over the five-year period. Year-on-year growth is consistent, suggesting a positive trajectory for the industry.
Future trends to watch for:
- Rising consumer demand for specialty coffee could drive imports.
- Exchange rate fluctuations might impact import costs.
- Increasing focus on sustainable and ethically sourced coffee may influence market preferences.
- Potential trade policy changes could alter import dynamics.
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