The forecasted re-import of shelled almonds to Canada shows a gradual decline from 2024 to 2028. The values decrease from 10.38 thousand USD in 2024 to 9.4 thousand USD in 2028. Compared to the estimated 2023 figures, this forecast reflects a consistent downward trend with a year-on-year decrease of 2.41% in 2025, 2.47% in 2026, 2.43% in 2027, and 2.49% in 2028. On average, the compound annual growth rate (CAGR) suggests a negative trend at approximately 2.45% annually over the five-year period.
Future trends to watch for include:
- Potential changes in consumer preferences towards almonds impacting demand.
- Import policy changes affecting the trade dynamics and cost structures.
- Fluctuations in the global almond supply due to climate change or geopolitical factors.
- Innovation in almond-based products potentially altering market demand patterns.
