In 2023, the import of flour or meal of sago, starchy roots, or tubers to Canada stood at a substantial figure. The forecasted data from 2024 onward indicate a steady increase in import values, starting from 11.459 million USD in 2024 to 13.253 million USD in 2028. The year-on-year growth shows modest increases, reflecting a stable demand trajectory. The compound annual growth rate (CAGR) over the forecasted period suggests a consistent and healthy annual growth, indicative of a sustained demand for this commodity.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternative or gluten-free flour options.
- Impacts of global trade policies or tariffs on import costs.
- Technological advancements in agriculture that could affect domestic production versus import dependency.
- Changes in supply chain dynamics influenced by global economic conditions.
