The data on wheat flour import in Canada shows fluctuating trends over the past decade. Starting from 94.6 thousand metric tons in 2013, imports climbed to a high of 117.69 thousand metric tons in 2016 before experiencing a notable dip to 79.62 thousand metric tons in 2021. As of 2023, the import value stood at 92.57 thousand metric tons. Year-on-year variations highlight significant fluctuations: for instance, a 12.28% increase in 2015, a sharp 21.08% decrease in 2018, and a 14.78% increase in 2022. The last five years illustrate a slight positive trend with an average annual growth rate (CAGR) of 0.72%.
Future trends to watch for include an anticipated steady growth with an average annual growth rate (CAGR) of 0.97% over the next five years, culminating in an expected 98.38 thousand metric tons by 2028, reflecting a 4.95% growth from 2023.
