In 2023, Impatiens cuttings production in Canada was forecasted at approximately 4 million units. The forecast data for 2024 through 2028 demonstrates a consistent decline, with values decreasing from 3.8843 million to 3.3799 million. Year-on-year, this represents average declines of about 3.3% to 3.6%. Analyzing the five-year horizon, the compound annual growth rate (CAGR) forecasts a contraction at an average rate of 3.8% annually.
Future trends to watch for include:
- Changes in climate conditions affecting production yields.
- Technological advancements in agriculture possibly reversing downward trends.
- Shifts in market demand driven by consumer preferences.
- Potential impacts from trade agreements or new export opportunities.
