The honey supply in Canada has shown substantial fluctuation from 2013 to 2023. In 2023, the supply stood at 48.01 thousand metric tons. The past decade has seen peaks and troughs, with a notable peak in 2017 at 52.38 thousand metric tons and a subsequent decline to 46.0 thousand metric tons in 2022. Year-on-year variations reveal significant shifts, such as an increase of 12.48% in 2014 and a decrease of 8.31% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years has averaged at -0.99%.
Looking ahead, honey supply forecasts from 2024 to 2028 suggest stability, with the supply projected to remain constant at 48.01 thousand metric tons, indicating a forecasted 5-year CAGR of 0%. This implies no anticipated growth or decline during this period.
Future trends to watch for include potential impacts of climate change on bee populations, shifts in agricultural practices, and consumer preferences for natural and organic products. Monitoring these factors will be crucial in anticipating any deviations from the current stability in honey supply.
