In 2023, Canada's pulses export volume was 1.67 million metric tons. The forecast for 2024 indicates a slight decrease to 1.63 million metric tons, with a downward trend observed until 2028, reaching 1.48 million metric tons. This denotes a moderate year-on-year decrease of approximately 2-3% from 2024 to 2028. The compound annual growth rate (CAGR) over this period is projected to be negative, highlighting a consistent decline in export volumes.
Future trends to watch for include:
- Potential impacts of global trade policies on Canadian pulses exports.
- Technological advancements in agricultural practices that might enhance yield and counteract declining export volumes.
- Changes in global demand, particularly from major importing countries, which could alter the forecasted trend.