In 2023, the re-import of dried shelled lentils to Canada stood at a significant volume, creating a baseline for future forecasts. The forecasted data from 2024 to 2028 reveals a consistent downward trend, with a year-on-year decrease of approximately 1.08%. The compound annual growth rate (CAGR) over these five years indicates an average annual decline of about 1.05%.
Factors influencing future trends may include:
- Changes in domestic production capabilities affecting import needs.
- Potential shifts in consumer demand for lentils.
- Global supply chain dynamics, potentially impacting availability and pricing.
- Trade policies and agreements that could affect import regulations and tariffs.
