In 2023, Canada's lentil production was recorded at 2.40 million metric tons. Looking at the forecast from 2024 to 2028, production is expected to gradually increase, reflecting positive growth. The year-on-year growth rates are relatively stable, indicating consistent expansion: 1.65% from 2024 to 2025, 2.02% from 2025 to 2026, and 1.59% from 2026 to 2027, culminating in a 1.17% increase from 2027 to 2028. The compound annual growth rate over this five-year period is approximately 1.97%, highlighting moderate yet steady growth.
Future trends to watch for include:
- The impact of climate change on agricultural yields, potentially affecting production levels.
- Changes in global demand and potential trade policy shifts influencing export opportunities.
- Technological advancements in agriculture that could enhance productivity and yield.
