The re-import of chocolate and other food preparations containing cocoa weighing more than 2 kg to Canada stood at 1.68 million kilograms in 2023. The forecast data for 2024 to 2028 shows a gradual increase in volume, with a consistent year-on-year growth rate around 1.4% to 1.5%. From 2024 to 2028, the compound annual growth rate (CAGR) is approximately 1.4%, indicating steady demand.
Future trends to watch for:
- Consumer preferences: Shift towards darker chocolates and healthier options could influence import demands.
- Trade policies: Changes in trade agreements might impact import volumes and costs.
- Supply chain stability: Global disruptions could affect the availability and import of cocoa products.
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