The forecast for swine production in Canada from 2024 to 2028 indicates a gradual decline. Starting at 28.75 million units in 2024, it is expected to decrease annually, reaching 28.15 million units by 2028. This showcases a year-on-year decrease of approximately 0.52% over this period. Given that the 2023 level was higher than the forecast for 2024, this points to a consistent downward trend with an average annual decline (CAGR) over five years aligning similarly.
Future trends to watch for include the impact of environmental regulations, shifts in consumer demand toward plant-based diets, and potential trade barriers that could affect production and export levels. Monitoring technological advances and their influence on efficiency in swine production will also be crucial.
