In 2023, Canada's import of sugars, sugar syrup, and artificial honey is estimated at a certain baseline, with subsequent forecasts indicating a steady annual increase. From 2024 to 2028, imports are projected to grow consistently, reflecting a compound annual growth trend of approximately 1.26% over this period. Year-on-year, the import value sees an average increase of around 1.31%, highlighting a stable demand increase in the Canadian market.
Future trends to watch for include potential changes in global sugar prices, fluctuations in Canadian consumption patterns, and the impact of trade agreements or tariffs which could affect import dynamics. Sustainability and health trends might also influence consumer preferences and import choices in the sector.
