In 2023, the re-import of sugar-containing chewing gum to Canada was stable in terms of volume, but the forecast indicates a significant downward trend starting from 2024. Over the five-year period from 2024 to 2028, re-imports are expected to decrease from 16.65 thousand kilograms to 7.54 thousand kilograms. This marks a compound annual growth rate (CAGR) of approximately -16.4%, reflecting a strong decline in volume.
Future trends to watch for:
- The potential influence of changing consumer preferences towards sugar-free or healthier alternatives.
- The impact of trade policies and tariffs on re-import costs.
- The role of domestic production in substituting imported volumes if cost-effective.