The forecast for re-import of frozen peas to Canada from 2024 onwards demonstrates a consistent annual growth. In 2024, the volume is projected to be 108.4 thousand kilograms, with subsequent years showing an increase, reaching 132.25 thousand kilograms by 2028. This reflects an average annual growth rate of roughly 5.05% over the forecasted period. Compared to the previous years leading up to 2024, the re-import volumes suggest a steady rise in demand and/or supply conditions that favor increased importation activities into the Canadian market. Year-on-year percentage growth remains stable, indicating sustained positive market trends.
Future trends to watch for include potential impacts of global trade policies, shifts in consumer preferences towards locally sourced products, and climate change impacts on pea production. These factors could influence not only the volume of re-imports but also the strategic market positioning of Canada in the frozen peas segment.
