The Canadian beef export volume increased from 324.42 thousand metric tons in 2013 to 606.83 thousand metric tons in 2023. The data from 2024 onward are forecasts, with exports expected to reach 644.23 thousand metric tons by 2028. The year-on-year growth rate fluctuated significantly, with peaks in 2014 and 2021. The compound annual growth rate (CAGR) over the last five years stood at 4.57%. Forecasts indicate a moderate growth rate, with a five-year CAGR at 0.95%.
Future trends to watch for:
- Potential impacts of global demand fluctuations, particularly from key markets such as the U.S. and Asia.
- Changes in trade agreements and policies influencing export capabilities.
- Environmental and sustainability pressures possibly affecting production practices and costs.
- Technological advancements in supply chain efficiency and traceability that could influence export growth.
