Based on the forecasted data, Canada's import of essential oils, resinoids, and terpenic by-products is expected to grow annually from $162.52 million in 2024 to $181.96 million in 2028. This represents a continuous increase over the five-year period. The CAGR over these years is an indicator of robust sectoral growth.
Future trends to watch for include:
- Environmental and sustainability trends influencing production and import choices.
- Developments in alternative markets and their impact on Canada's import patterns.
- Shifts in consumer preferences towards organic and natural products.
