The output of agricultural products and livestock in Canada has shown a consistent upward trend from 2013 to 2023. As of 2023, the total output reached 92.73 billion Canadian dollars. Over the last two years, year-on-year variations were 3.27% in 2022 and 3.13% in 2023. The average annual growth rate (CAGR) over the last five years stands at 3.76%. Moving forward, the forecast predicts sustained but modest growth, with an expected average annual increase of 2.18% from 2023 to 2028, leading to overall growth of 11.39% over this period.
Key future trends to watch include the potential impact of climate change on agricultural yields, advancements in agricultural technology, trade policy changes, and evolving consumer demands for sustainable and organic products. These factors will be critical in shaping the future landscape of the agricultural sector in Canada.
