Chrysanthemums cuttings production in Canada has shown a steady increase from 2014, with a notable fluctuation between 2013 and 2014. In 2023, the production value stood at 5.2354 million, reflecting a 4.94% year-on-year increase. Over the last two years, the production value increased by 4.94% and 4.58%, respectively. The compound annual growth rate (CAGR) over the past five years was approximately 5.52%. Forecast data suggests a continuous upward trend with a forecasted 5-year CAGR of 4.32%, culminating in an increase to 6.8833 million by 2028.
Future trends to watch for include:
-Advancement in greenhouse technology which could further enhance production efficiency.
-Potential impact of climate change on production cycles and quality.
-Market demand shifts driven by consumer preferences towards locally sourced and sustainable products.
