Canada's honey import is forecasted to grow steadily from 9.6 thousand metric tons in 2024 to 10.02 thousand metric tons in 2028. The forecast indicates a consistent increase, with modest year-on-year growth rates. The volume in 2023 was similar to 2024's forecast, showing stability in import levels.
Observed trends:
- 2025: Increase of approximately 1.15% from the previous year.
- 2026: Increase of about 1.03% year-on-year.
- 2027: Year-on-year growth around 1.12%.
- 2028: Further growth estimated at roughly 1.01%.
The compound annual growth rate (CAGR) over this period suggests a stable yet slow upward trend in volume. As of now, external factors such as global supply chain dynamics and changing consumer preferences could influence future growth. Monitoring these elements will be crucial for anticipating shifts that may impact import volumes beyond 2028.
