The forecast for the import of prepared or preserved tomatoes to Canada from 2024 to 2028 shows a steady increase from $111.25 million to $117.11 million. In 2023, the import value was slightly below $111.25 million, indicating consistent growth. The year-on-year growth between 2024 and 2028 averages approximately 1.6%, demonstrating a steady upward trend over five years. The Compound Annual Growth Rate (CAGR) further underscores this stable progress over time.
Future trends to watch for include potential shifts in consumer preferences towards fresh and organic alternatives, which may affect the demand for preserved products. Additionally, trade policies and tariffs could influence import levels, as well as fluctuations in exchange rates impacting the relative cost of imports.
