The forecast for the re-import of parts of presses and crushers for wine and fruit juice to Canada shows a steady increase from 2024 to 2028. Starting at $5.82 thousand in 2024, this value rises incrementally each year, reaching $7.08 thousand by 2028. This reflects a consistent year-on-year growth: 5.67% in 2025, 5.04% in 2026, 4.95% in 2027, and 4.42% in 2028, resulting in a Compound Annual Growth Rate (CAGR) of approximately 4.88% over the five-year period.
As of 2023, the re-import value stood at a level similar to the 2024 figure, indicating a stabilization and subsequent growth from 2024 onwards.
Future trends to watch:
- The impact of increasing domestic demand for artisanal and local wine and juice production on re-importation rates.
- Technological advancements in the production of presses and crushers that might alter demand dynamics.
- Trade policies and tariffs that could influence the cost-effectiveness of re-importing these parts.
