In 2023, Canada's re-import of onions, shallots, garlic, and leeks stood at $56.50 thousand. The forecast from 2024 shows a gradual decline with an average decrease of around 0.67% per year leading to 2028, where values are expected to reach $54.43 thousand. This represents a Compound Annual Growth Rate (CAGR) of approximately -0.75% from 2023 to 2028, indicating a steady downward trend.
Future trends to watch for include:
- Potential changes in import regulations or tariffs affecting re-imports.
- Volatility in global supply chains impacting overall availability and pricing.
- Shifts in consumer preferences towards local produce, potentially reducing imports.
- Economic factors influencing the purchasing power for imported goods.