The import of fresh or chilled garlic to Canada has shown a generally increasing trend from 2013 to 2023, rising from a value of 33.265 Million USD to 50.315 Million USD. The year-on-year variations have displayed notable fluctuations with high growth periods particularly in 2016 and 2019, and a significant decline in 2018. The last two years have shown moderate growth rates of 2.88% in 2022 and 2.74% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 6.05%, indicating steady growth overall.
Future trends to watch for:
- Continuous growth is expected, reaching 56.643 Million USD by 2028.
- The forecasted 5-year CAGR is 1.87%, suggesting a more moderate but sustained increase.
- Attention should be paid to potential market and supply chain disruptions that might affect garlic imports.