In 2023, Canada's import of goat meat stood at 1.12 million kilograms. In 2024, it is forecasted to drop by 3.4% to 1.0818 million kilograms. The downward trend continues with a 3.7% decrease in 2025, seeing imports fall to 1.0422 million kilograms. By 2026, the import volume is expected to decline by another 3.7% to 1.0034 million kilograms. The trend maintains its pace with a 3.8% reduction in 2027, reaching 0.96537 million kilograms. In 2028, the trend slightly moderates with a 3.8% drop, bringing the import volume to 0.92811 million kilograms.
Over the 5-year period from 2024 to 2028, the compound annual growth rate (CAGR) for goat meat imports is a decrease of approximately 3.7% each year.
Future trends to watch for include shifts in dietary preferences, potential impacts of local goat meat production, changes in trade policies, and fluctuating consumer demand. Close attention to these factors will be crucial for predicting future import volumes.
