The forecasted import of cocoa paste not defatted to Canada shows a progressive increase from 2024 to 2028, with values rising from 97.837 million USD in 2024 to 105.01 million USD in 2028. Comparing to the previous years, 2023 data illustrates the baseline for this upward trajectory. The year-on-year rate indicates a steady growth as follows: 1.88% in 2025, 1.82% in 2026, 1.74% in 2027, and 1.68% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 reveals a consistent increase of approximately 1.78% annually, emphasizing a stable long-term growth trend.
Future trends to watch include potential market fluctuations due to global economic conditions, the impact of trade agreements, and changes in consumer demand for cocoa products, which could influence import levels and growth rates. Monitoring geopolitical factors and cocoa supply chain changes will be critical in anticipating market shifts.
