The forecasted milk production level in Canada shows a gradual increase from 2024 to 2028, with values ranging from 9.34 to 9.41 million metric tons. In 2023, the milk production stood at 9.32 million metric tons. Observing the year-on-year variations and average annual growth (CAGR), despite being small, indicates a consistent ascending trend.
Year-on-year percentage variations:
- 2024: 0.21%
- 2025: 0.21%
- 2026: 0.21%
- 2027: 0.11%
- 2028: 0.21%
CAGR (2023-2028): 0.19%
Future trends to watch for include technological advancements in dairy farming, government policies supporting dairy production, and potential impacts of climate changes on agricultural outputs.
