Between 2013 and 2023, the import of vegetable, fruit, nut, and food preparations to Canada increased from 2.2511 billion USD to 2.6245 billion USD. Despite some fluctuations, the overall trend showed steady growth with an average annual increase (CAGR) of 1.91% over the last five years. Notable annual variations included a dip in 2016 and stable growth from 2021 onward.
For future trends, the forecast indicates a continued, albeit modest, growth with a five-year CAGR of 1.35%, reaching 2.8593 billion USD by 2028. Key factors influencing this trend may include changes in consumer preferences, trade policies, and climatic conditions affecting agricultural outputs.
Future trends to watch for:
- Impact of climate change on agricultural yields and import needs.
- Shifts in consumer preferences towards organic and locally-sourced products.
- Trade policy changes due to international agreements or geopolitical shifts.