The forecast for Canada's import of residues, wastes of the food industry, and animal fodder shows a consistent upward trend, with values rising from 2024 to 2028. Starting with an expected value of $2.0085 billion in 2024, each subsequent year sees an increase, reaching $2.1573 billion by 2028. This indicates a growing demand or reliance on these imports.
Year-on-year percentage increases are modest but consistent: 1.91% from 2024 to 2025, 1.84% from 2025 to 2026, 1.76% from 2026 to 2027, and 1.71% from 2027 to 2028. Over the five-year period, the Compound Annual Growth Rate (CAGR) suggests a steady average growth.
Looking forward, trends to watch include changes in agricultural production, shifts in domestic demand for animal feed, and international trade policies affecting importation costs. Environmental factors and sustainability trends could also impact the availability and demand for residues and wastes from the food industry, further influencing import patterns.
