The import of fresh grapes to Canada is projected to experience a steady increase from 2024 to 2028. In 2024, imports are expected to reach $459.21 million, gradually rising to $479.04 million by 2028. This represents an average annual growth rate, known as the compound annual growth rate (CAGR), indicative of a modest yet steady expansion in the market. Comparing year-on-year growth reveals consistent increments of roughly around 1% each year.
In 2023, the actual value stood below the 2024 forecast of $459.21 million, marking the commencement of this upward trend. Key factors likely influencing these projections include rising consumer demand, shifts in agricultural productivity, and potential trade agreements impacting grape imports into Canada.
Future trends to watch for include changes in consumer preferences leading to increased demand for diverse grape varieties, climate change impacts on international grape sourcing, and any potential trade policy shifts that might affect import dynamics.
