In 2023, the supply of fresh grapefruits in Canada stood at 33.5 thousand metric tons. Based on forecast data, the supply in 2024 is expected to reach 33.07 thousand metric tons, indicating a year-on-year decline of -1.28% from 2023 to 2024. This downward trend continues from 2025 through 2028, with the supply gradually decreasing to 31.86 thousand metric tons in 2028. The last two years' variations are:
- From 2023 to 2024: -1.28%
- From 2024 to 2025: -1.06%
Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be -0.95%, indicating an average annual decrease in supply.
Future trends to watch for:
- Monitor consumer preferences towards citrus fruits, as changes could affect demand and supply dynamics.
- Keep an eye on potential impacts of climate change on grapefruit cultivation, which could influence future supply levels.
- Observe any new agricultural technologies or practices that might improve yield and offset the declining trend.
- Economic factors such as trade policies and tariffs that may impact grapefruit imports and availability in Canada.
