From 2013 to 2023, Canada's agricultural operating revenue exhibited significant fluctuations. In 2013, revenue stood at 918.05 million CAD, with a notable decrease in 2014 of -12.7%. Subsequent years saw increases, particularly in 2016 with a notable 44.05% rise, continuing upward through 2018. A downward trend emerged in 2019 and 2020, marked by a -16.14% decrease. Recovery was seen in 2021 with a 26.9% rise to 1421.7 million CAD, followed by a modest 6.08% increase in 2023, reverting to 1430.9 million CAD.
The five-year CAGR stands at 1.88% with a forecasted 9.77% growth rate by 2028, signaling steady yet moderate growth. For 2024 through 2028, predictions suggest a consistent upward trend, reaching 1611.0 million CAD by 2028.
Future trends to watch for include the impact of technological advancements in agriculture, climate change effects, and market demand shifts which could further influence revenue volatility. Enhanced focus on sustainable practices and digital transformation initiatives could play pivotal roles in future revenue dynamics.