The re-import of sugars, sugar syrup, and artificial honey to Canada in 2023 stood at a figure not indicated in the available data. Forecasts suggest a sharp decline from 2024 to 2028, with values moving from 170.76 thousand USD in 2024 to only 11.63 thousand USD in 2028. This represents a year-on-year decrease of 24% from 2024 to 2025, 31% from 2025 to 2026, 44% from 2026 to 2027, and 77% from 2027 to 2028. The compound annual growth rate (CAGR) over the period indicates significant reductions in re-import activity.
For future trends, watch for:
- Potential changes in domestic sugar policies that may influence import levels.
- Global market price fluctuations affecting trade dynamics.
- Evolving demand for sugar alternatives within Canada.
