In 2023, Canada reported an actual re-importation of not roasted decaffeinated coffee at 1.43 thousand kilograms. The forecasted data from 2024 to 2028 reveals a consistent downward trend, with values decreasing annually. From 2024 to 2025, a decline of 14% is observed, while 2026 sees an annual decrease of about 16.3%. The year-on-year reduction trend appears to continue with a projected decline of 18.1% from 2026 to 2027 and another significant drop of 22.2% from 2027 to 2028. Overall, the compound annual growth rate (CAGR) over these five years is estimated at -13.4%.
Future trends to watch:
- Consumers’ evolving preferences towards more sustainable and ethical coffee sources could further impact import levels.
- Innovations in the decaffeination process might affect demand and import patterns.
- Global economic conditions and trade policies could significantly influence future import trends.
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