Saint Pierre and Miquelon's livestock gross production is projected to experience modest growth over the next five years. In 2023, the production stood at 17.26 thousand US Dollars PPP. The year-on-year growth from 2024 to 2028 ranges from 0.46% to 0.41%, indicating a stable increase in production value. The compound annual growth rate (CAGR) over these five years is approximately 0.42%, reflecting a steady yet modest upward trend in the sector.
Future trends to watch include:
- Potential impact of climate change on livestock management and production.
- Government policies and subsidies that may boost local production initiatives.
- Market demand fluctuations driven by changes in consumer preferences and international trade dynamics.