As of 2024, the forecast for Canada's imports of not roasted decaffeinated coffee is projected to gradually decrease from $11.733 million to $11.415 million by 2028. The forecast indicates a decreasing trend, with year-on-year variations showing a downward shift in import values.
Year-on-year, the import value is set to gradually decline by a small percentage, reflecting a marginally shrinking market for this particular coffee segment. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 suggests a slight reduction annually.
Future trends to watch for include shifting consumer preferences towards specific coffee types, potential trade policy changes affecting coffee imports, and the impact of sustainability trends influencing sourcing and supply chains in the coffee industry.
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