In 2023, the re-import value of dried grapes to Canada stood at a baseline measure from which future growth is expected. Analyzing the forecast from 2024 to 2028, we see a consistent annual increase. Specifically, between 2024 and 2025, there is a 3.38% increase, 3.27% growth from 2025 to 2026, 2.92% rise between 2026 and 2027, and a 2.96% escalation from 2027 to 2028. Overall, this represents a compound annual growth rate (CAGR) of approximately 2.95% over the five-year period.
- Steady increase in re-import value forecasted over the five years.
- Watch for changes in global dried grape production and economic shifts affecting import patterns.
- Monitor trade policies that may influence the cost and feasibility of re-imports.
- Environmental factors and production practices could impact long-term supply and demand dynamics.
