The forecast for dry peas production in Canada shows a steady year-on-year increase from 2024 to 2028, with production expected to rise from 4.78 million metric tons in 2024 to 5.19 million metric tons in 2028. This represents an average compound annual growth rate (CAGR) over the forecast period. In 2023, production volumes were lower, indicating a positive growth trajectory moving forward.
Key Points:
- 2024: 4.78 million metric tons
- 2025: 4.88 million metric tons
- 2026: 4.98 million metric tons
- 2027: 5.09 million metric tons
- 2028: 5.19 million metric tons
Future trends to watch for include potential impacts of climate change on crop yields, government agricultural policies, and innovations in farming techniques that could influence production rates. Monitoring international demand, especially from major importing countries, will be crucial in understanding future adjustments in production strategies.
