In 2023, pork losses in Canada were 175.0 thousand metric tons. The forecasted data from 2024 to 2028 shows a gradual increase in pork losses, rising from 176.0 to 180.0 thousand metric tons. The year-on-year increase stays consistent at around 0.57%, reflecting a steady trend of rising losses over the five-year period. The compound annual growth rate (CAGR) for these years stands at approximately 0.57%, indicating a slow but consistent increase in pork losses.
Future trends to watch for include:
- Factors influencing rising production costs and their impact on pork losses.
- Environmental changes and policies affecting the pork industry.
- Technological advancements and their potential to mitigate such losses.
