The Canadian dry peas export is projected to grow from 3.27 million metric tons in 2024 to 3.44 million metric tons in 2028. In 2023, the actual export data stood at approximately 3.23 million metric tons, indicating stable growth in the forecast period. The year-on-year increase ranges from around 1.22% to 1.46%, suggesting a consistent upward trend. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 averages at roughly 1.27%, reflecting steady demand in global markets.
Future trends to watch for include:
- Possible impacts from global agricultural policies affecting trade dynamics.
- Fluctuations in global demand due to changing dietary preferences and alternative protein sources.
- Technological advancements in crop yield optimization and supply chain efficiencies.
