In 2023, the import volume of sweetened concentrated whole milk into Canada stood at a minimal level, indicating a declining trend over previous years. Forecast data for 2024 to 2028 suggests a continued absence of imports, with anticipated volumes remaining at zero kiloliters throughout this period. This trend reflects a sustained downward trajectory in imports, aligning with patterns from prior years. Consequently, the compound annual growth rate (CAGR) over the past five years exhibits stagnation.
Future trends to watch for:
- Changes in domestic production capabilities or preferences might impact import needs.
- Trade policies and tariff adjustments may alter market dynamics.
- Consumer demand for dairy alternatives could further influence import trends.