The import of salted, dried, or smoked swine bellies to Canada is expected to exhibit consistent growth from 2024 through 2028, with projected figures rising from $39.13 million in 2024 to $42.573 million in 2028. This steady incline indicates a positive trend forecasted over the next five years as demand for such products rises. Assuming 2023 as the base year with a value stable at $38.25 million, the trend from 2023 to 2024 shows an increase of approximately 2.3% year-on-year.

The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is expected to average approximately 2.1% per year, signifying a moderate and steady increase in imports.

Future trends to watch for include:

Potential shifts in consumer preference towards fresh or alternative protein sources, potentially impacting demand.
Changes in trade policies or tariffs influencing importing costs and quotas.
Economic factors such as currency fluctuations affecting the purchasing power related to imports.