The forecast for fresh olive imports in Canada indicates a gradual decline over the next five years from 150 metric tons in 2024 to 120 metric tons by 2028. This represents a year-on-year decrease of about 6.67% from 2024 to 2025, and a consistent 7.14% decline annually thereafter until 2026. However, stabilization occurs from 2027 to 2028 with no further reduction. Given the stable import levels at the end of this period, the compound annual growth rate (CAGR) reflects an overall negative trend.
Future trends to watch:
- Increased local production or substitute products could further influence import levels.
- Currency fluctuations and trade policies may impact future imports.
- Consumer preferences shifting towards specialty or niche olive products could alter demand.