Poultry meat production at farm gate in Canada has seen a varied trend over the years. From 2013 to 2019, production showed fluctuations with a notable dip in 2014 and a recovery by 2019. The period from 2019 to 2023 saw a steady annual increase, with production reaching 2.24 billion Euros in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 2.21%, indicating moderate growth.
Year-on-year variations from 2022 to 2023 show a growth of 1.59%, reflecting consistent but modest increases in production volume. Looking ahead, the forecast data from 2024 to 2028 predicts continued growth with an average annual increase of 1.15% (CAGR), suggesting an overall growth rate of 5.86% over the next five years.
Future trends to watch for include:
- Technological advancements in farming techniques and efficiency improvements.
- Changes in consumer preferences towards poultry meat and potential impacts from plant-based meat alternatives.
- Regulatory changes and their effects on production standards and costs.
- Global market influences and international trade policies affecting export potential.
