The import volume of fresh avocados in Canada has shown significant fluctuations over the years. In 2023, imports stood at 104.9 thousand metric tons. Examining year-on-year variations, there was a notable increase of 6.5% from 2022 to 2023, following a decline in 2022. Over the past two years, the trend has stabilized. The last five years' Compound Annual Growth Rate (CAGR) gradually decreased, indicating a slowdown in growth with a 2.17% increase. Looking forward, forecasts suggest a slight decline with a -0.35% CAGR over the next five years and an overall negative growth rate of -1.72% by 2028.
Future trends to watch include potential market disruptions due to global supply chain challenges, changes in consumer preferences, and the impact of environmental factors on avocado production. Additionally, trade policies and relationships with major avocado-exporting countries may influence future import volumes.
