The forecast for the import of milk and cream to Canada between 2024 and 2028 indicates a steady increase, with values rising from 33.776 million USD in 2024 to 37.314 million USD in 2028. This shows an upward trajectory with an average annual growth rate reflecting a CAGR over these five years. As we're focusing on the year 2024, this data provides a clear indicator of gradual growth in the import market for this sector, likely reflecting increased demand or changes in domestic production.
Future trends to watch for include:
- Potential policy changes in trade agreements affecting import tariffs.
- Shifts in consumer preferences towards plant-based or alternative dairy products.
- Technological advancements in dairy production and preservation that might influence imports.
- Climate change impacts on both domestic production and international supply chains.