The demand for cassava in Canada experienced notable fluctuations between 2014 and 2023, with the value standing at 21.0 Thousand Metric Tons in 2023. A few significant year-on-year variations include a 15.38% increase in 2015 and a 54.55% rise in 2017, contrasted by a 26.67% drop in 2016. Over the last five years, the compound annual growth rate (CAGR) averaged at 0.98%.
The forecast indicates a steady growth pattern, with a CAGR of 0.89% over the next five years. By 2028, the projected demand should reach 23.0 Thousand Metric Tons, representing a forecasted 4.55% growth rate from 2023.
Future trends to watch for:
- The impact of dietary shifts and health trends towards cassava-based products
- Potential supply chain disruptions due to geopolitical or environmental factors
- Technological advancements in cassava cultivation and processing
- Economic factors influencing import and pricing dynamics
