The number of enterprises in the Agriculture, Forestry, and Seafood sector in Canada showed a declining trend from 2024 onwards, dropping from 50.79 thousand in 2024 to an anticipated 49.21 thousand by 2028. By comparing this forecast with an estimated 2023 baseline, this suggests a gradual decline. Year-on-year changes indicate a consistent decrease of about 0.39 to 0.4 thousand enterprises annually, resulting in a compound annual growth rate (CAGR) of approximately -1.1% over five years.
Future trends to watch for include the impact of technological advancements, climate change adaptation, and policy changes on the sustainability and growth dynamics within these sectors, potentially altering the current downtrend.
