In 2023, the actual import value of roses to Canada was approximately X Million US Dollars. From 2024 onwards, forecasts indicate a gradual decline in import values, starting at 2.6322 Million US Dollars in 2024 and decreasing to 2.4649 Million US Dollars by 2028. Year-on-year variations show a decline, with a marked decrease of around 1-2% annually. The compound annual growth rate (CAGR) for the 5-year forecast period from 2024 to 2028 suggests a negative growth trend.
Future trends to watch for:
- Potential impact of changing trade policies and tariffs affecting import costs
- Shifts in consumer preferences towards locally grown roses and sustainability
- Technological advancements in rose cultivation that might affect supply sources
