The import of rice to Canada has shown fluctuations over the years, with significant growth phases and periods of decline. From 2013 to 2018, the values experienced volatility, with notable declines in 2016 and 2017. The trend reversed in 2019, leading to consistent growth in subsequent years. As of 2023, rice imports stood at 441.26 million USD, reflecting a modest yet steady increase. The average year-on-year variation over the last two years was around 2.79%, and the CAGR over the last five years was 4.39%.
Going forward, the forecasted data suggests a continued moderate growth in rice imports to Canada, with an estimated CAGR of 2.04% by 2028. Key future trends to watch include potential shifts in consumer demand, changes in global rice production, and trade agreements which could all influence rice import dynamics in Canada.