The forecasted import of whey to Canada shows a consistent declining trend from 2024 to 2028. Comparing the actual value for 2023, which was at a higher level than the forecasted values, there is an observable downward trajectory. The year-on-year percentage change suggests a consistent decrease, with the compound annual growth rate (CAGR) indicating an average reduction over the five-year forecast period.
Future trends to watch for include:
- Potential effects of changes in global dairy market conditions, which could impact Canada's whey import needs.
- Domestic production shifts that might reduce reliance on imports.
- Trade agreements and tariff alterations could also influence import volumes and values.
