Over the period from 2013 to 2023, the number of employees in the Agricultural Products and Livestock Sector in Canada has seen significant fluctuations. In 2013, the value stood at 154.04 thousand, rising and falling in subsequent years, with notable increases in 2016 (up 5.47%) and 2019 (up 7.61%). However, declines were also observed, such as in 2014 (-3.66%) and 2020 (-2.28%). By 2023, the sector reached 181.55 thousand employees, demonstrating a steady, albeit fluctuating, growth pattern with an average annual growth rate of 2.37% over the last five years (CAGR).
Looking ahead from 2024 to 2028, the forecast suggests a continuous, though modest, growth trend in employment within the sector, with a projected CAGR of 0.65% and a cumulative growth rate of 3.29% over five years. This indicates a stabilization phase with slower but consistent employment growth.
Future trends to watch for include:
- Technological advancements and automation in agriculture potentially impacting employment rates.
- The influence of climate change on agricultural productivity and labor requirements.
- Policy changes and government initiatives aimed at supporting the agricultural workforce.
- Market demand shifts for agricultural products and livestock, both domestically and globally.
