In 2023, Canada's re-import of frozen beans stood at its highest before entering a forecast period of steady decline from 2024 onwards. From 2024 to 2028, the forecast indicates a consistent year-on-year decrease in re-import values.
Key trends indicating this decline include:
- From 2024 to 2025, there’s an approximate 10% decrease.
- 2025 to 2026 sees another drop nearing 11%.
- 2026 to 2027 shows a reduction close to 12%.
- Lastly, from 2027 to 2028, the decline is about 14%.
Over the five-year forecast period, the compound annual growth rate (CAGR) reveals an average yearly decrease, emphasizing stagnation and reduced demands.
Future trends to watch for include global supply chain fluctuations, shifts in consumer preferences towards alternative proteins, and potential impacts of trade policies on re-importation.
