In 2023, the re-import of Vitamin B12 to Canada stood at 770 kilograms. From 2024 onwards, forecasts indicate a steady year-on-year increase, with values reaching approximately 981 kilograms by 2028. The year-on-year growth percentages for these forecasts are about 5.6% for 2025, 5.2% for 2026, 4.8% for 2027, and 4.5% for 2028. This trend results in a Compound Annual Growth Rate (CAGR) of roughly 4.8% from 2024 to 2028, showcasing a gradual increase in demand or replacement by domestic sources.
Future trends to watch for include global sourcing shifts, changes in vitamin consumption due to dietary trends, and any regulatory changes impacting importation processes. Monitoring these variables will provide insights into potential disruptions or enhancements in re-import patterns.
