In 2023, the fresh apple supply in Canada was recorded at 746.59 thousand metric tons. The forecasted data from 2024 to 2028 suggests a gradual decrease, as the supply drops from 746.49 to 746.1 thousand metric tons, reflecting marginal reductions each year.
The year-on-year variation showcases a consistent decline, albeit slight, which results in a negative trend over the period. The compound annual growth rate (CAGR) highlights this declining trajectory, emphasizing the gradual but steady decrease in supply over the next five years.
Future trends to watch for include:
- Potential impacts of climate change affecting apple production yields.
- Trends in consumer preferences towards fresh apples versus processed or alternative fruits.
- Innovations in agricultural practices that could alter supply dynamics.
- Trade policies and their influence on apple imports and exports.