The pork supply in Canada has shown a gradual increase over the past decade. From 2013 to 2023, the supply rose from 2.26 million metric tons to 2.62 million metric tons in 2023. While there were minor year-on-year fluctuations, the general trend indicates growth, although at varying rates. Between 2013 and 2023, the average annual growth rate (CAGR) stands at 1.47%. Over the past two years, leading up to 2023, the supply experienced a moderate increase of 1.21% year-on-year despite previous minor decreases.
Looking forward, the forecast suggests a continued upward trend. From 2024 to 2028, the supply is expected to grow from 2.65 million metric tons to 2.77 million metric tons. The forecasted CAGR for the next five years is 0.89%, with an overall growth rate of 4.53% during this period. This indicates a steady but moderate increase in pork supply.
Future trends to watch for include potential impacts of climate change on feed availability, shifts in consumer preferences towards alternative proteins, and trade policies affecting exports and imports. Furthermore, technological advancements in agriculture could boost efficiency and productivity, influencing supply dynamics.
