Canada's nuts export volume showed some fluctuations from 2014 to 2023, hitting 26.0 thousand metric tons in 2023 after a notable rise from 15.0 in 2014. The year-on-year variation for 2023 was 4%, reflecting a steady increase. The five-year CAGR up to 2023 stood at 4.36%, indicating moderate annual growth over this period. The largest annual increase occurred in 2015 with a 53.33% rise. However, drops were seen in 2018 (-25%) and stagnation phases in 2020 and 2022.
Looking ahead, the forecast data from 2024 to 2028 suggests a steadier growth trend with an expected five-year CAGR of 1.49%, leading to a 7.69% growth rate over the forecast period. This indicates a more consistent but modest rise in export volumes.
Future trends to watch for include potential impacts of global trade policies, climate change effects on nut production, and shifts in global demand for nuts, particularly in emerging markets.
