The import of Vitamin C to Canada experienced fluctuating trends from 2013 through 2023. Key highlights include significant growth in certain years such as 2017 (36.21%) and 2021 (34.49%), along with declines in others like 2014 (-24.08%) and 2020 (-9.94%). The value of Vitamin C imports stood at 25.538 Million US Dollars in 2023, reflecting a modest year-on-year increase of 1.38%. Over the last five years, the average annual change indicated a decrease of -2.7% CAGR.
Looking ahead, forecasted data suggests a moderate upward trend with an average growth rate of 1.05% CAGR over the next five years, culminating in a 5.38% increase by 2028. This indicates a steady but slow recovery in Vitamin C imports.
Future trends to watch for include potential impacts of global supply chain dynamics, shifts in health supplement demand post-pandemic, and changes in trade policies that could influence import volumes and values.
