As of 2023, Canada's production of green peas stood at XX thousand metric tons. Beginning in 2024, forecasts indicate a gradual decline in production over the next five years, with values decreasing from 41.75 thousand metric tons in 2024 to 38.04 thousand metric tons in 2028. The year-on-year percentage variation shows a consistent downward trajectory, reflecting a deceleration in production volume with an estimated CAGR of XX% across this period.
Future trends to watch for include:
- Impacts of climate change on agricultural output, potentially leading to production volatility.
- Innovations in agricultural technology that could improve yield efficiency.
- Changes in domestic and international demand that might influence planting decisions and production volumes.
- Policy adjustments regarding agricultural subsidies and trade agreements affecting the sector's competitiveness.
