Geraniums cuttings production in Canada stood at 11.058 million units in 2023, marking a 7.16% decrease year-on-year. The period from 2013 to 2023 showed high volatility with an initial increase until 2016, followed by a fluctuating decline. The last five-year CAGR is -0.46%, reflecting a slight downward trend.
Forecasts from 2024 indicate a continued decline, with a projected 5-year CAGR of -2.32%, anticipating a value of 9.562 million by 2028. This continued decrease suggests market adjustment and potentially less demand or supply issues within the sector.
- 2013: 7.913 million units
- 2014: 10.999 million units (39% YoY increase)
- 2015: 13.651 million units (24.1% YoY increase)
- 2016: 14.095 million units (3.25% YoY increase)
- 2017: 12.318 million units (-12.6% YoY decrease)
- 2018: 11.316 million units (-8.13% YoY decrease)
- 2019: 11.995 million units (5.99% YoY increase)
- 2020: 11.812 million units (-1.52% YoY decrease)
- 2021: 12.053 million units (2.04% YoY increase)
- 2022: 11.912 million units (-1.17% YoY decrease)
- 2023: 11.058 million units (-7.16% YoY decrease)
- Forecast for 2028: 9.562 million units
Future trends to watch for include shifts in consumer preferences, potential advancements in horticultural technology, and climatic changes impacting crop yield. Monitoring import-export dynamics, and supply chain resilience will be critical for understanding the market trajectory in the coming years.
