The supply of frozen cherries in Canada stood at 8.57 thousand metric tons in 2023. Between 2022 and 2023, there was an 11.44% increase, following a steep -32.01% decline from 2021 to 2022. Over the past five years, the Compound Annual Growth Rate (CAGR) averaged at 2.14%. Historically, the supply has experienced considerable fluctuations, peaking at 11.31 thousand metric tons in 2021. Future projections indicate a stabilization at 8.57 thousand metric tons from 2024 to 2028.
Future trends to watch for:
- Market adaptation to stabilize supply following significant variations in recent years.
- Potential impacts of climate change on cherry yields affecting supply.
- Alterations in trade policies or tariffs influencing import volumes.
- Advances in freezing technology improving shelf life and supply chain efficiency.
