Greenhouse cut flowers production in Canada exhibited a varied trend over the past decade. After peaking at 332.9 million in 2013, production declined until 2020, reaching a low of 271.84 million. Significant recovery began in 2021, reaching 326.58 million in 2023. Over the last two years, production saw notable increases with year-on-year variations of 4.42% and 2.83% respectively.
The Compound Annual Growth Rate (CAGR) over the past five years is 1.97%. Forecasts predict continued growth, with the production value expected to reach 370.86 million by 2028, reflecting a projected 5-year CAGR of 2.02% and a forecasted 5-year growth rate of 10.5%.
Future trends to watch for include advancements in greenhouse technologies, increased consumer preference for locally grown flowers, and potential impacts of climate change on production. Additionally, market adjustments due to economic conditions and changes in trade policies could also significantly influence this sector.
