The forecast for Canada's sugarcane imports shows a gradual decline from 710,690 thousand kilograms in 2024 to 694,900 thousand kilograms by 2028. This indicates a steady reduction averaging a decrease of about 0.6% per year based on the compound annual growth rate (CAGR) for the period. Notably, in 2023, the sugarcane imports were 715,000 thousand kilograms, marking the beginning of a downward trend in subsequent forecasted years. From 2024 to 2025, the year-on-year decrease is anticipated at 0.6%.
Future trends to watch for include:
- Potential impacts of shifting trade policies which might affect import levels.
- Technological developments in sugar alternatives influencing domestic production.
- Changes in consumer preferences towards sustainable and locally-sourced products.