In 2023, the production of potatoes at farm gate in Canada was valued at 1.25 billion US dollars. By observing the forecasted values, there appears to be a steady increase with values rising from 1.27 billion US dollars in 2024 to 1.33 billion US dollars in 2028. Year-on-year variations show modest growth: approximately 0.79% from 2024 to 2025, 1.56% from 2025 to 2026, 1.54% from 2026 to 2027, and 0.76% from 2027 to 2028. Over the last two years (2027-2028), the average annual growth of potatoes production is expected to be modest. The compound annual growth rate (CAGR) over the five-year forecast period (2024-2028) would stand around 1.25%.
Future trends to watch for include potential impacts of climate change on yields, technological advancements in agricultural practices, and shifts in consumer demand for potatoes and potato-based products. Additionally, trade policies and international market dynamics could also affect production and pricing trends over the forecast period.
