The number of sheep in Canada is projected to slightly decrease between 2024 and 2028 from 518,000 heads in 2024 to 512,300 heads in 2028. From 2023 onward, the year-on-year decline is gradual, with an average annual decrease of approximately 0.28%. The cumulative average growth rate (CAGR) over this period is negative, signifying a consistent downward trend.
Future trends to watch for include the impact of changes in agricultural practices, climate change, and market demand on sheep farming. Additionally, shifts in global trade policies might influence the sheep population in Canada. Monitoring these factors could offer insights into potential reversals or accelerations in this trend.
