The import of maize bran, sharps, and other residues to Canada in 2023 was estimated at $23.5 million USD. The forecast from 2024 to 2028 shows a steady increase in imports, with values rising from $24.38 million in 2024 to $28.292 million in 2028. The year-on-year variation indicates consistent growth of approximately 4.13% annually. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 4.07%, reflecting a healthy and stable upward trend.
Future trends to watch for include:
- Changes in global maize production and supply chains, which could impact the availability and price of imports.
- Trade agreements and tariff policies that might affect import levels.
- Domestic demand shifts driven by the agricultural industry's reliance on maize by-products for livestock feed.
- Sustainability and environmental policies affecting the import and use of agricultural residues.
