In 2023, Canada's meat export volume stood at approximately 2.04 million metric tons. The forecasts from 2024 to 2028 suggest a gradual increase, reaching 2.12 million metric tons by 2028. Year-on-year growth shows steady, yet modest, increases, with a compound annual growth rate (CAGR) over the next five years hovering around 0.78% annually. This consistent upward trend indicates a stable demand for Canadian meat exports internationally, despite global market fluctuations.
Future trends to watch for:
- Potential impacts of international trade agreements or geopolitical changes on export volumes.
- Technological advancements in meat production efficiency and sustainable practices.
- Shifts in global consumer preferences towards alternative protein sources.
- Regulatory changes affecting meat industry standards and export guidelines.