The fresh corn supply in Canada experienced fluctuations over the last decade with notable drops in certain years. From 2013 to 2023, the supply decreased from 266.35 to 227.91 thousand metric tons, reflecting an overall downward trend. Notably, in 2023, the supply was 227.91 thousand metric tons. While there were slight increases in years like 2015, 2020, and 2021, the general pattern indicates a decline, particularly significant drops in 2016 and 2022. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is -0.84%, emphasizing a consistent reduction in supply.
Looking forward, forecast data from 2024 to 2028 suggest a continued decline, with the supply predicted to reach 216.31 thousand metric tons by 2028. The expected 5-year CAGR is -0.82%, indicating a subtle but persistent decline. Important trends to monitor include climate change impacts, shifts in agricultural practices, and market demand fluctuations. Understanding these factors can provide insights into addressing challenges and leveraging opportunities in the fresh corn supply chain.
