The supply of mutton and lamb in Canada has experienced various fluctuations from 2013 to 2023. In 2023, the supply stood at 46.2 thousand metric tons, indicating a slight decline of 2.98% compared to 2022. Over the past two years, the supply showed a significant 17.61% increase in 2022, followed by a slight drop in 2023. Over a longer period, the Compound Annual Growth Rate (CAGR) was 2.22% for the last five years. Notably, the supply peaked in 2022 at 47.62 thousand metric tons, experiencing variability throughout the years.
For future forecasting from 2024 to 2028, the supply is expected to remain stable at 46.2 thousand metric tons annually, suggesting a forecasted five-year zero percent growth rate and no CAGR. Stability in supply may arise from consistent production practices and stable demand.
Future trends to watch for include potential impacts of climate change on livestock farming, emerging health trends influencing meat consumption, and trade policies affecting imports and exports. Monitoring these factors is crucial for anticipating further supply changes.
