The consumption of fresh cherries in Canada has demonstrated significant fluctuation over the past decade. In 2023, the volume stood at 28.37 thousand metric tons. Over the previous two years, the market saw a considerable decrease of 36.14% in 2022, followed by a substantial rebound of 31.16% in 2023. Despite these short-term fluctuations, the longer-term trend reveals a compound annual growth rate (CAGR) of -4.55% over the last five years.
Forecasts for the next five years project modest growth with a forecasted 5-year CAGR of 0.82%, reaching approximately 29.86 thousand metric tons by 2028. This represents an overall growth rate of 4.15% across the forecasted period.
Future trends to watch for include:
- Potential impact of climate change on cherry production and supply.
- Shifts in consumer preferences towards healthier and natural food options.
- Trade policies affecting the import and export of cherries to and from Canada.
