The cheese supply in Canada in 2023 stood at an actual volume of 675.0 thousand metric tons. The forecasted data for subsequent years indicate a gradual increase: 681.0 thousand metric tons in 2024, 688.0 in 2025, 694.0 in 2026, 701.0 in 2027, and 707.0 in 2028, representing steady growth over time.
Year-on-year variations in percentage are as follows:
- 2023 to 2024: 0.89%
- 2024 to 2025: 1.03%
- 2025 to 2026: 0.87%
- 2026 to 2027: 1.01%
- 2027 to 2028: 0.86%
Variations over the last two years show slight fluctuations close to 0.90% on average. The compound annual growth rate (CAGR) over the forecasted five-year period is anticipated to be 0.93%, indicating a stable but modest growth trend.
Future trends to watch for include potential impacts from changes in consumer preferences, regulatory adjustments, and developments in dairy farming technology. Monitoring these factors will be crucial for understanding the dynamics of cheese supply in Canada over the long term.
