The fresh onions and shallots supply in Canada is poised for a consistent upward trajectory from 2024 to 2028, with forecasted values showing an increase from 594.85 to 629.63 thousand metric tons over this period. In 2023, the supply stood at approximately 586 thousand metric tons. The year-on-year growth rate increases gradually, ranging from about 1.48% to 1.38%, indicating a steady, incremental rise in supply. The compound annual growth rate (CAGR) for this five-year period is projected at around 1.43%, suggesting a modest yet stable expansion.
Future trends to monitor include potential impacts from climate change on agricultural output, shifts in domestic consumption patterns as consumers seek locally sourced produce, and changes in import/export dynamics prompted by international trade agreements. Keeping an eye on technological advancements in farming, which may further enhance yield efficiencies, will be crucial for forecasting beyond 2028.
