Garlic production in Canada is forecasted to grow steadily over the next five years, starting from a value of 25.13 million CAD in 2024 and reaching 29.03 million CAD by 2028. Back in 2023, garlic production stood at 24.20 million CAD. Over the forecast period from 2024 to 2028, the year-on-year (YoY) growth rates are projected as follows: 3.94%, 3.76%, 3.58%, and 3.42% respectively. Analyzing the variations from the last two years, 2022 saw a 3.16% increase, and 2023 saw a 3.28% rise. The Compound Annual Growth Rate (CAGR) for the period spanning from 2024 to 2028 is anticipated to be approximately 3.67%.
Future trends to watch for include technological advancements in agricultural practices, potential shifts in consumer preferences towards locally-sourced garlic, and the impact of climatic changes on crop yields. Moreover, monitoring global garlic prices and trade policies will be crucial as they could influence domestic production and forecasting accuracy.
