The supply of partly skimmed milk 1% in Canada is projected to decrease steadily from 2024 to 2028, with annual reductions in volume from 357.42 thousand kiloliters to 324.83 thousand kiloliters. This reflects a persistent downward trend. In 2023, the supply was slightly higher than the forecasted 2024 volume, indicating the continuation of a declining trend. The year-on-year percentage decline signifies a gradual decrease in demand or production capacity. The compound annual growth rate (CAGR) over this period suggests an average annual reduction in supply.
Future trends to watch for include possible changes in consumer preferences towards alternative milk types, advancements in dairy technology, and any agricultural policy shifts that could impact milk production or distribution in Canada.
