In 2023, Canada had approximately 233.1 thousand lambs available for marketing. The forecasted data from 2024 to 2028 suggests a steady upward trend in the number of lambs marketed, with an increase from 235.5 thousand heads in 2024 to 245.9 thousand heads in 2028. This represents a year-on-year increase of approximately 1.1% to 1.2%. Over the five-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) for the marketed lambs is anticipated to be around 1.1%.
Future trends to watch for include changes in domestic and global demand for lamb meat, policies affecting livestock farming, and technological advancements in animal husbandry. These factors could significantly influence production levels and market dynamics.
