In 2023, Canada's cheddar cheese exports stood at approximately 960 metric tons. Forecasted data indicates a consistent decline from 870 metric tons in 2024 to 500 metric tons by 2028. Year-on-year, this represents a decline of 14.9% from 2024 to 2025, 13.5% from 2025 to 2026, 12.5% from 2026 to 2027, and 10.7% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecast period is -13.9%, indicating a steady reduction in export volumes.
Future trends to watch for include changes in global demand, potential shifts in trade policies, and developments in the dairy industry that could impact supply. Monitoring these factors will be crucial in making more accurate future projections and strategic decisions.
