In 2023, the import value of cheese and curd to Canada stood at 333.5 million US dollars. From 2024 to 2028, the forecasted import values demonstrate a steady increase from 340.43 million to 369.06 million US dollars. The year-on-year growth rate remains consistent, marking a gradual upward trajectory in import value, emphasizing a healthy and expanding market. Calculating the Compound Annual Growth Rate (CAGR) from 2024 to 2028 reveals an average yearly increase, reflecting strong demand.
Future trends to watch for include:
- Potential trade agreements affecting cheese import tariffs.
- Shifts in consumer preferences towards plant-based alternatives.
- Impact of local dairy production on import demand.
