As of 2023, the swine supply in Canada was recorded at 42.25 million units. The forecast from 2024 to 2028 indicates a gradual decline in supply, with values decreasing from 42.25 million units in 2024 to 40 million units by 2028, reflecting a diminishing trend. Year-on-year variations show an average reduction of approximately 1.34% per year over this period.
Overall, the Compound Annual Growth Rate (CAGR) over the 5-year forecast period reflects a systematic contraction in swine supply.
Future trends to watch for include:
- Potential impacts of environmental regulations on livestock production.
- Technological advancements in swine farming that could influence supply dynamics.
- Economic factors affecting feed costs and swine prices.