In 2023, the re-import value of frozen prepared potatoes to Canada was approximately 2.045 million USD. The forecast data for 2024 to 2028 indicates a consistent downward trend. Specifically, the value is expected to decrease from 1.798 million USD in 2024 to 0.795 million USD by 2028. Year-on-year variations from 2024 to 2025 show a drop of approximately 14.4%, from 2025 to 2026 show a decrease of around 16.5%, from 2026 to 2027 show a decline of about 19.3%, and from 2027 to 2028 predict a drop of approximately 23.4%. The compound annual growth rate (CAGR) over this five-year period suggests an average annual decline of about 15.5%.
Future trends to watch for include:
- Sustainability practices affecting import tariffs and consumer preferences.
- Trade agreements influencing costs and availability of imported products.
- Demand changes driven by local production capabilities and market demands.
