The Canadian sheep and lambs production is forecasted to decline gradually from 733.8 thousand heads in 2024 to 718.8 thousand heads in 2028. The year-on-year decrease is consistent, indicating slight reductions annually. This represents a projected decrease of approximately 0.6% year-on-year, with a compounded annual growth rate (CAGR) of -0.51% over the forecasted period. In 2023, the production was at 735.0 thousand heads.
Future trends to watch for:
- Potential changes in consumer demand for sheep and lamb products, which could influence production levels.
- Environmental factors and agricultural policies affecting livestock farming in Canada.
- Advancements in farming technologies and practices that could influence productivity and efficiency.