Canada's pork exports saw a mixture of contractions and growth over the past decade. As of 2023, the export volume stood at 1.53 million metric tons, a 2.41% increase from 2022. Despite a few decreases in certain years, the overall trend has been positive, supported by a CAGR of 2.58% over the past five years. Notable jumps include a 21.13% increase in 2020, while declines in 2021 and 2022 reflect market volatility. Forecasts for 2024 to 2028 suggest steady growth, reaching 1.67 million metric tons in 2028, with a 5-year CAGR of 1.39% and an overall growth of 7.16%.
Future trends to watch for:
- Global demand shifts influenced by economic and geopolitical factors.
- Supply chain developments and their impact on export capabilities.
- Technological advancements in agriculture and their effects on productivity.
- Trade policies and international agreements affecting market access.
