The soft drinks export volume in Canada has shown significant fluctuations over the past decade, culminating at 161.25 thousand kiloliters in 2023. Key observations include a dip in 2014 and 2017, but a substantial rise from 2018 to 2020. Although a notable decline was observed in 2022, the year-on-year increase of 0.98% from 2022 to 2023 indicates a stabilizing trend. The 5-year Compound Annual Growth Rate (CAGR) as of 2023 is -1.23%, reflecting the overall negative trend leading up to this point.
Future trends to watch for:
• Projected moderate growth in export volumes from 2024 to 2028, with a 5-year CAGR of 0.67%.
• Attention to market dynamics, global demand fluctuations, and potential new trade agreements could influence this forecasted growth trajectory.