The forecast for the import of prepared or preserved turkey meat and offal to Canada from 2024 to 2028 shows a steady decline, with values dropping from $11.618 million in 2024 to $11.168 million in 2028. Assuming the baseline value in 2023 was higher than these projections, the data suggests a consistent negative trend. The year-on-year variation reflects a slight decrease, and the compound annual growth rate (CAGR) over the next five years implies a gradual reduction in imports.
Future trends to watch for:
- Shifting consumer preferences towards alternative protein sources or plant-based diets.
- Trade policy changes that might impact import tariffs and prices.
- Potential shifts in domestic turkey production affecting import needs.
- Economic factors influencing disposable income and consequently impacting consumption patterns.