From 2013 to 2023, Canada's pork production at the farm gate exhibited fluctuations, with significant drops in 2015 and 2018, contrasted by notable increases in 2014, 2017, 2019, and 2020. The value in 2023 stood at €3.41 billion. Year-on-year variations reveal periods of both decline and growth. For example, 2014 saw a surge of 17.05%, whereas 2018 recorded a drop of 13.03%. Over the last two years, 2022 and 2023, the year-on-year increases were 1.56% and 1.52%, respectively. The Compound Annual Growth Rate (CAGR) over the past five years was 5.14%, indicating a steady upward trend in production value.
Future Trends to Watch For:
- Sustainability practices affecting production methods and costs.
- International trade policies impacting export opportunities.
- Advancements in technology improving efficiency in pork farming.
- Consumer preferences shifting towards ethical and organic products.
