As of 2023, Canada's import of frozen bone-in swine hams, shoulders, and cuts stood at a certain level. Forecast data from 2024 to 2028 shows a gradual decline in import volumes, indicating a decrease from 404.79 thousand kilograms in 2024 to 388.29 thousand kilograms by 2028. On a year-on-year basis, the import volume is expected to decrease by approximately 1% annually, suggesting a steady downward trend. The compounded annual growth rate (CAGR) over the five-year period reflects a consistent decline, emphasizing a contraction in import demand.
Future trends to watch for include:
- Domestic production capacity growth, potentially further reducing import reliance.
- Changes in consumer preferences towards alternative protein sources or cuts.
- Trade policy shifts that may influence import tariffs and incentives.