In 2023, the yield for Primary Fibre Crops in Canada was 11.93 thousand hectograms per hectare. The forecasted yields show a slight decrease over the upcoming years. The yield in 2024 is expected to be 11.92, decreasing marginally to 11.91 in 2025 and 2026, and further dropping to 11.9 by 2027 and 2028. Year-on-year, the yield variations are minor, indicating a stable but slightly declining trend. The CAGR from 2024 to 2028 suggests an average yearly decrease in yield.
Future trends to watch for:
- Technological advancements in agriculture that could improve crop yields.
- Climate change impacts and how they affect crop performance.
- Policy changes and subsidies related to fibre crop production.
- Market demand fluctuations that may influence farming practices.
