From 2013 to 2023, fresh cherries production in Canada showed significant fluctuations. The production volume reached 22.37 thousand metric tons in 2023. Notable trends included a peak in 2017 with 28.93 thousand metric tons, followed by a decline to 19.48 thousand metric tons in 2021. However, recent years (2022-2023) indicated a recovery with a 3.33% year-on-year increase in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was -5.11%, reflecting an overall decline.
Looking forward, forecasted data from 2024 to 2028 suggests a more stable period with moderate growth. The production is anticipated to rise slightly, ending at 22.8 thousand metric tons in 2028. The expected 5-year CAGR is 0.31%, indicating a modest improvement.
Future trends to watch for:
- Impact of climate change on cherry orchards
- Developments in agricultural technology and practices
- Market demand shifts and potential new markets