In 2023, the re-import of sweetened cocoa powder to Canada stood at a lower level compared to the forecasted values for 2024 onwards.
Analyzing the forecasted data from 2024 to 2028, there is a consistent upward trend in re-imports, with values increasing year-on-year. From 2024 to 2025, a rise of approximately 4.4% is observed, followed by a similar trend each consecutive year. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 points to an average annual increase of about 4%.
Future trends to watch for include potential changes in consumer preferences for cocoa-based products in Canada and international market dynamics that could impact cocoa prices and availability. Additionally, any regulatory changes impacting importation could also influence these projections.
