The forecasted export volume of butter and ghee from Canada shows a steady increase from 2024 to 2028, with values projected to grow from 2.03 to 2.11 thousand metric tons. In 2023, the export volume stood at 2.01 thousand metric tons. This represents a constant annual growth rate (CAGR) of approximately 1% over the five-year period from 2024 to 2028. The moderate year-on-year growth of around 0.98% reflects a stable market outlook.
Future trends to watch for include:
- Shifts in global demand for dairy products influenced by dietary trends and health consciousness.
- Trade policies and agreements impacting dairy exports.
- Technological advancements in dairy production and export logistics.