The forecasted supply of frozen lima beans in Canada indicates a declining trend, with the supply decreasing from 670 metric tons in 2024 to 640 metric tons by 2028. Compared to the data from 2023, where the supply stood at 680 metric tons, the projected figures exhibit a consistent decrease. The year-on-year reductions are approximately 1.5% annually through 2026 and remain stable in 2027, before decreasing again by 1.5% in 2028. The compound annual growth rate (CAGR) illustrates an average yearly decline of around 1.5% over the five-year period.
Future trends to watch for include potential changes in consumer demand due to dietary preferences or macroeconomic factors affecting the agricultural sector in Canada. Additionally, alterations in export-import tariffs and environmental conditions impacting lima bean farming could further influence supply levels.
