The orange juice supply in Canada has shown a declining trend over the last decade, with notable year-on-year fluctuations. In 2023, the supply stood at 75.58 thousand metric tons. Analyzing the past two years, the supply fell by 4.34% from 2022. Over the past five years, the supply has decreased at an average annual rate of 2.32% (CAGR).
Forecasting future trends, the supply is expected to continue its downward trajectory, with a forecasted 5-year CAGR of -3.94%. By 2028, the supply will likely decrease by approximately 18.23% from its 2023 levels.
Future trends to watch for include potential changes in consumer preferences, impacts of global trade policies, advances in crop yield technologies, and climate change effects which may influence orange juice supply and demand dynamics.
