In 2023, the re-import of foliage, except flowers for ornamental purposes, to Canada was valued at around 105.41 thousand US dollars. From 2024 to 2028, a consistent increase is projected, with values rising from 108.69 to 124.75 thousand US dollars, showcasing steady year-on-year growth.
This indicates a robust market expansion, with each year reflecting sustainable increases in re-imports. Over the five-year span from 2024 to 2028, the compound annual growth rate (CAGR) highlights an average yearly increase in trade values.
Future trends to watch for include:
- Potential shifts due to environmental policies affecting foliage trades.
- Technological advancements in agriculture boosting production efficiency.
- Fluctuations in global demand influencing pricing and import volumes.
