The indoor potted chrysanthemum production in Canada is forecasted to decline steadily over the next years. From 2024 to 2028, the production value descends from 5.2413 million to 4.4214 million, showing a gradual decrease. The year-on-year percentage variation from 2024 to 2025 is approximately -3.98%, from 2025 to 2026 is about -4.10%, from 2026 to 2027 is around -4.22%, and from 2027 to 2028 it is approximately -4.37%. The compound annual growth rate (CAGR) for this period would reveal an average annual decrease.
Future trends to watch for:
- Potential market influences such as climate change impacts on indoor plant production.
- Shifts in consumer preferences towards more sustainable and eco-friendly plant species.
- Technological advancements in indoor farming practices could alter production efficiencies.
- Trade policies and agreements impacting import-export dynamics.
