The forecast for imported fortified wine sales in Canada shows a gradual decline from 4.03 million liters in 2024 to 3.61 million liters in 2028. This indicates a consistent year-on-year decrease, with a compound annual growth rate (CAGR) reflecting an average annual decline over this period.
As of 2023, the value was not specified; however, given the trend from 2024 onwards, sales are clearly on a downward trajectory, suggesting changing consumer preferences or market conditions.
Future trends to watch for include potential shifts towards local or non-fortified wines, changes in taxation or import laws, and evolving consumer tastes that may influence demand for fortified wines in Canada.
