Forecast: Import of Fresh or Chilled Peas to Canada

The forecast for the import of fresh or chilled peas to Canada indicates a consistent increase over the next five years. In 2024, the import value is expected to be $64.075 million, gradually rising to $69.25 million by 2028. This reflects stable year-on-year growth, averaging around 1.7% per year. In 2023, actual imports stood at $62.5 million, setting the stage for this upward trend.

Key future trends to watch for include:

  • Changes in trade policies that could affect import tariffs or quotas.
  • Shifts in consumer preferences towards local produce, potentially impacting import demand.
  • Economic factors such as currency fluctuations that might influence import costs.

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