In 2023, the re-import of apples, pears, and quinces to Canada was valued at $475,540,000. Looking at the forecast from 2024 to 2028, there is a noticeable increasing trend in the re-import value for these fruits. From 2024 to 2028, the re-import value is expected to grow year-on-year by approximately 2.24% on average annually, indicating a steady rise in demand over the period of five years. The forecasted compound annual growth rate (CAGR) over these five years is indicative of this upward trend.
Future trends to watch for include potential changes in international trade policies, the impact of climate change on domestic cultivation, and consumer preference shifts towards locally sourced produce. Additionally, global supply chain dynamics and currency fluctuations may influence the cost and availability of these fruits, affecting import levels further.
