The import of bran, sharps, and other residues of leguminous plants to Canada is projected to increase steadily from 2024 to 2028. Starting at $4.9828 million in 2024, the import value is expected to rise to $5.2132 million by 2028. This indicates a gradual year-on-year growth. The compound annual growth rate (CAGR) over the forecasted period shows a consistent upward trend, reflecting a stable demand for these agricultural residues in Canada from international markets. In 2023, the import value was slightly lower, as the market is in a gradual upwards trend.
Future trends to watch for include potential impacts from international trade policies, fluctuations in global supply and demand, and advancements in the utilization of leguminous plant residues within sustainable agriculture practices. Additionally, changes in dietary preferences that emphasize plant-based nutrients are likely to influence import volumes and values.
