The import of beet-pulp, bagasse, and other waste of sugar manufacture to Canada is projected to rise from $7.57 million in 2024 to $8.28 million in 2028. Compared to the 2023 data, this reflects a consistent growth pattern, with a year-on-year increase of approximately 2.4% to 2.5%. Over the five-year span, the compound annual growth rate (CAGR) is expected to be around 2.3%.
Future trends to watch include:
- Changes in global trade policies could impact import growth.
- Domestic production and processing capabilities may alter demand for imports.
- Environmental regulations impacting sugar manufacturing waste management will be essential to monitor.