In 2023, Canada's nectarine and peach production stood at approximately 25.75 thousand metric tons. The forecast from 2024 to 2028 displays a gradual decline, starting at 25.58 thousand metric tons in 2024 and decreasing to 24.77 thousand metric tons by 2028. This translates to a year-on-year decline of approximately 0.8% between 2024 and 2025, and about 0.79% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is predicted to be negative, indicating a steady decline over this period.
Future trends to watch for:
- Climate change impacts on production yields, as variations in temperature and precipitation can affect crop output.
- Potential shifts in market demand influenced by consumer preferences and health trends.
- Technological advancements in agriculture that may improve productivity or introduce new cultivation methods.
