In 2023, Canada's import of beans stood at 91.0 thousand metric tons. The forecasted data indicates consistent growth, moving from 92.0 thousand metric tons in 2024 to 93.0 thousand metric tons by 2028. The forecast predicts a year-on-year increase of approximately 0%-1% between 2024 and 2028. The compound annual growth rate (CAGR) over the five-year forecasted period is anticipated to remain steady at around 0.87%.
Future trends to watch for include:
- Global market fluctuations impacting import prices and volumes.
- Changes in domestic production potentially affecting import demand.
- Evolving dietary preferences that could influence bean consumption levels.
- Trade policies that might affect the import landscape.
