The forecasted data for the import of unfermented grape must to Canada from 2024 to 2028 indicates a steady year-on-year increase. Starting in 2024 with a value of 36.08 thousand US dollars, the imports are expected to reach 43.09 thousand USD by 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is about 4.5%, showcasing consistent growth. For context, in 2023, imports stood slightly below the 2024 projection, suggesting a positive trend.
Future trends to watch include:
- Influence of global grape production on pricing and import volumes.
- Changes in consumer preferences towards grape products in Canada.
- Impact of trade policies and tariffs on import costs and volumes.
