The employment in the Agricultural Products and Livestock sector in Canada stood at 303.17 thousand persons in 2023. Over the past decade, employment in this sector has shown fluctuations but with a general downward trend since 2013. The sector experienced a peak employment of 339.59 thousand in 2013, followed by a decline with intermittent minor recoveries. Notable reductions in employment were observed in 2014 (-6.78%) and 2020 (-6.13%), while the recent years have shown slight recovery signs, with a 2.25% increase in 2023.
Comparing the last two years, there was a 2.58% decrease in 2022 and a subsequent 2.25% increase in 2023. Over the past five years (2018-2023), the sector has seen an average decline per year (CAGR) of -0.67%, reflecting a subtle overall contraction in employment figures.
The forecast through to 2028 suggests a continued decreasing trend in employment, with a projected average annual decline (CAGR) of -0.47%. By 2028, the employment is expected to fall to approximately 294.43 thousand persons, indicating a total reduction of around 2.31% from the 2023 levels.
Future trends to watch for include advancements in agricultural technologies, automation, and artificial intelligence which may further influence employment figures. Policy changes, environmental factors, and shifts in market demands could also significantly impact the sector’s employment dynamics over the coming years.