The orange and mandarines market size in Canada has seen a moderate overall growth over the past decade. In 2023, the market volume stood at 574.0 thousand metric tons. Analyzing variations year-on-year, in 2023, there was an increase of 0.17%. Observed over a longer period, the Compound Annual Growth Rate (CAGR) from 2019 to 2023 is 0.14%, indicating a steady but slow growth. It is notable that after a dip in 2017, the market regained stability with minor fluctuations, maintaining close to zero growth rates and a slightly upward trend.
Looking ahead, forecast data from 2024 onward suggests a consistent but minimal growth rate with a 5-year CAGR of 0.1% and a cumulative growth rate of 0.52% by 2028. Future trends to watch for include potential impacts of changing consumer preferences, climate change affecting citrus crops, and evolving import-export regulations that could influence market dynamics.
