The gross production of sloes and plums in Canada is projected to grow from 2024 to 2028, showing a consistent annual increase in value from 2.55 million USD in 2024 to 2.78 million USD in 2028. The year-on-year growth rate is approximately 2.35% during 2024-2025 and around 2.22% from 2025-2026, maintaining a steady pace up to 2028. The Compound Annual Growth Rate (CAGR) for this period is estimated to be 1.75%. In 2023, the production stood at around similar levels, reflecting stability in market conditions from prior years.
Future trends to watch for:
- Impact of climate change on agricultural outputs and potential adaptive strategies.
- Shifts in global demand and how Canada's exports might be affected.
- Technological innovations in farming that may influence productivity and cost efficiency.