The gross production of dry beans in Canada was valued at approximately 311 million US Dollars in 2023. The forecast indicates a steady rise from 2024 through 2028, with values increasing from 315.29 to 328.02 million US Dollars PPP. Year-on-year growth is minimal, reflecting the stable demand and production capacity expansion. Over this forecast period, the compound annual growth rate (CAGR) highlights an average increase of approximately 1.0% per year.
Future trends to watch for:
- Enhanced agricultural technologies could lead to greater yield efficiencies.
- Climate change impacts and policy developments affecting agricultural sectors.
- Potential fluctuations in global demand influencing export markets.
