In 2023, Canada's supply of shelled almonds stood at 26.5 thousand metric tons. From 2024 to 2028, the supply is forecasted to decline annually from 25.03 to 20.01 thousand metric tons. Year-on-year, this represents a decreasing trend, with a noticeable drop of 5.12% from 2024 to 2025 and a consistent decline of approximately 6% annually in subsequent years. Over the five-year period, the compound annual growth rate (CAGR) indicates an average annual decrease of around 5.58% in the country's almond supply.
Future trends to watch for include increasing global competition, climate change impacts on almond production in main exporting countries like the U.S., and potential shifts in consumer demand towards alternative nuts or plant-based products, which could further influence Canada's importation strategies and local market dynamics.
