Forecast: Apples Demand in Canada

In 2024, the forecast for apple demand in Canada shows a slight upward trend, increasing annually from 746 to 751 thousand metric tons by 2028. In 2023, the actual demand stood at 745 thousand metric tons. Notably, the year-on-year growth is minimal, illustrating a stabilizing market with less than 1% annual growth from 2024 onward. The compound annual growth rate (CAGR) over this period is modest, highlighting steady yet slow expansion in apple demand.

Future trends to watch for include:

  • Potential impacts of climate change on apple production affecting supply and prices.
  • Consumer shifts towards organic and locally-sourced produce possibly influencing demand patterns.
  • Technological advancements in agriculture improving yield and quality.

Top Countries about Apples