The import of plants used for perfumery or pharmacy to Canada is forecasted to grow steadily from 2024 to 2028, with values rising from 110.65 million USD to 118.71 million USD. Looking back at 2023 data, we observe a consistent growth trajectory. Year-on-year increases in import values signify an average growth rate of approximately 1.77% annually over the five years.

Future trends to watch for include:

Changes in global supply chain dynamics which could impact import volumes and values.
Shifts in Canadian consumer preferences towards natural beauty and wellness products.
Potential trade agreements or tariffs affecting import costs and sourcing.
Technological advancements in production or extraction methods impacting industry practices.
Global economic conditions which could influence international trade policies.