Forecast for Canada's import of hazelnuts and filberts in shell indicates a steady increase from 2024 to 2028, with values rising from $35.435 million to $41.629 million. By observing the data above, the imports in 2023 serve as a baseline. The projected average annual growth rate over these five years is consistent, suggesting modest growth driven by steady demand and possibly increased consumption-triggered by economic factors.
Future trends to watch for:
- Changes in global supply due to climate impact on crop yields in producing countries.
- Trade policy shifts that might influence import tariffs and regulations.
- Potential shifts in consumer preferences towards health and wellness, affecting demand.
- Currency exchange fluctuations impacting the import costs.