Forecast: Concentrated Orange Juice Exported to Canada by the US

The export value of concentrated orange juice from the US to Canada has experienced significant fluctuations over the years. In 2023, the value stood at $68.73 million USD. From 2013 to 2023, the largest annual decrease was in 2019, with a drop of -26.95%, followed by a sizable -25.82% drop in 2020. However, there was a recovery phase beginning in 2021, demonstrating a substantial year-on-year increase of 49.39%. This upward trend continued in 2022 (7.38%) and 2023 (3.98%). The Compound Annual Growth Rate (CAGR) over the last five years shows a lower negative trend, highlighting a reduction in the steep declines experienced earlier.

Looking ahead, forecast data from 2024 onwards indicate a cautious tapering off in export values, with a minor year-on-year decrease projected until 2028. The forecasted 5-year CAGR suggests an average annual decline of -1.13%.

  • Future trends to watch for include potential changes in trade policies, market demand fluctuations, and climatic conditions affecting orange production.

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