The spices export volume in Canada is projected to decline steadily from 2024 to 2028. In 2023, the export volume stood at approximately 8.95 thousand metric tons. For 2024, the forecasted volume is 8.84 thousand metric tons, with a year-on-year decrease of around 1.23%. In subsequent years, the volume is expected to decrease further: 2025 by 1.36%, 2026 by 1.26%, 2027 by 1.28%, and 2028 by 1.29%. The five-year compound annual growth rate (CAGR) is approximately -1.23%.
Future trends to watch include potential impacts of climate change on spice crop yields, shifts in global trade policies affecting exports, and evolving consumer preferences toward exotic and organic spices that may influence export volumes.
