The data shows that maize production in Canada is forecasted to grow steadily from 2024 to 2028, starting at 15.4 million metric tons in 2024 and reaching 16.29 million metric tons by 2028. Compared to the 2023 production, which stood at 15.17 million metric tons, there is a clear upward trend.
Year-on-year variations:
- 2024: 1.5%
- 2025: 1.5%
- 2026: 1.4%
- 2027: 1.4%
- 2028: 1.4%
Trends over the last two years show a consistent growth in maize production, with 2024 and 2025 seeing slight increases. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.5%, indicating a stable increase in maize production.
Future trends to watch for include potential impacts of climate change on agricultural yields, advancements in agricultural technology, and changes in domestic and international demand for maize. Monitoring these factors will be critical for accurately forecasting future production trends.
