The forecasted production of cranberries in Canada shows a consistent growth from 203.86 thousand metric tons in 2024 to 227.25 thousand metric tons in 2028. Comparing 2024 to 2023, production rises by approximately 3%, maintaining a similar growth pattern each year. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is around 2.4%, suggesting a stable upward trend in cranberry production.
Future trends to watch:
- Climatic impacts on cranberry yields and the potential for variability in annual production.
- Market demand fluctuations and its impact on Canadian production levels.
- Technological advancements in agriculture that could enhance production efficiency.
- Trade policies affecting export opportunities and international competition.