In 2023, the import value of machinery for the preparation of meat and poultry to Canada stood at approximately USD 73.5 million. From 2024 onwards, the forecast indicates a steady year-on-year increase in import values, growing from USD 74.8 million in 2024 to USD 80.14 million by 2028. The overall Compound Annual Growth Rate (CAGR) over the five-year period is approximately 1.4%, suggesting a modest but consistent growth trajectory.
Future trends to watch for include:
- Changes in consumer demand for processed meat and poultry products.
- Potential impacts of trade agreements or tariffs affecting machinery imports.
- Technological advancements in meat and poultry processing machinery that could drive changes in import needs.
- Environmental and regulatory factors that may shift industry preferences toward more sustainable machinery options.