As of 2023, the import of meat and edible meat offal to Canada stood at approximately 1.917 billion USD. From 2024 onwards, forecasts suggest a steady increase in import values achieving a level of 1.9518 billion USD by 2028. This reveals a slight but consistent year-on-year percentage increase, marking a compound annual growth rate (CAGR) that underlines a moderate upward trend over the five-year period.
Future trends to watch for include:
- Fluctuations in global meat prices potentially impacting import values.
- Trade policy changes, particularly within North America, affecting import dynamics.
- Shifts in consumer preferences towards alternative protein sources potentially dampening import demand.