Forecast: Re-Import of Unsweetened Cocoa Powder to Canada

In 2023, Canada re-imported unsweetened cocoa powder valued at approximately 1.62 thousand kilograms. The forecast for 2024 indicates a decrease to 1.48 thousand kilograms. This declining trend continues through 2028, with a compound annual growth rate (CAGR) of around -10.76% over the five-year period. The decreases between 2024 and 2028 reveal a consistent contraction in year-on-year volume, reflecting reduced demand or shifts in sourcing strategies.

Future trends to watch for include:

  • Potential shifts in global cocoa supply chains impacting re-imports.
  • Changes in domestic production affecting demand for imports.
  • Evolving consumer preferences towards alternative or healthier products.
  • Trade policy adjustments or economic fluctuations that could reshape import patterns.

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