Based on historical data, the concentrated or sweetened milk and cream re-imports to Canada stood at USD 8.95 million in 2023. Forecasts indicate a gradual decline from 2024 to 2028, with the value decreasing from USD 8.88 million to USD 8.53 million. Year-on-year variations reflect slight reductions ranging from approximately 1%-1.5%. Over the five-year forecast period, the compound annual growth rate (CAGR) is negative, suggesting small yet consistent declines in value.
Future trends to watch include shifts in dairy consumption patterns, potential trade policy changes, and global market conditions impacting dairy prices and demand, which could alter forecasted trends.
