In 2023, the production of primary fibre crops in Canada stood at 10.34 thousand metric tons. The forecasted data shows a significant downward trend:
- 2024: 8.74 (-15.48% YoY)
- 2025: 7.29 (-16.59% YoY)
- 2026: 5.86 (-19.89% YoY)
- 2027: 4.46 (-23.84% YoY)
- 2028: 3.09 (-30.71% YoY)
The Compound Annual Growth Rate (CAGR) over the next five years is expected to be -20.95%. Future trends to watch include potential changes in agricultural policies, advancements in fibre crop technology, and shifts in global market demand that could impact production levels.
