The Canadian import of fresh or chilled carrots and turnips is forecasted to increase steadily from 2024 to 2028, reflecting a consistent annual growth rate. In 2023, the import value stood at approximately $119.7 million USD. The following years show a slight but steady year-on-year increase in import value, suggesting a stable demand for these agricultural products. The compound annual growth rate (CAGR) over the five-year forecast period is around 0.7%.
Future trends to watch for:
- Supply chain fluctuations that could impact import costs.
- Potential shifts in consumer preferences towards locally grown produce.
- Economic factors, such as exchange rate changes, influencing import costs.
- Trade policies and agreements affecting agricultural imports.
