The re-import of sugar confectionery to Canada is forecasted to grow steadily from 2024 to 2028, with values increasing from 2.43 million USD in 2024 to 2.75 million USD in 2028. Compared to 2023, where re-imports stood at approximately 2.35 million USD, the anticipated growth suggests an upward trend in re-import activity. Year-on-year percentage increases are consistent, reflecting a stable market demand. The Compound Annual Growth Rate (CAGR) indicates an average annual increase, underlining a healthy rise in the sector over this five-year forecast period.
Future trends to watch for include:
- Consumer preferences shifting towards sugar-free or healthier confectionery options which could impact import volumes.
- Possible trade policy changes affecting import tariffs or regulations.
- Fluctuations in global sugar prices impacting production costs and re-import volumes.
- Developments in domestic production capabilities potentially affecting re-import demand.
