The forecast for the value added in Canada's agriculture, forestry, and seafood sector shows a steady increase, starting from 43.22 billion Canadian dollars in 2024 to 45.95 billion in 2028. In percentage, this represents a year-on-year growth of approximately 1.62% from 2024 to 2025, 1.57% from 2025 to 2026, 1.52% from 2026 to 2027, and 1.46% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is estimated at around 1.54%. In 2023, the sector's value stood at approximately 42.56 billion Canadian dollars.
Future trends to watch for include:
- Adoption of technology and innovation in agricultural practices
- Impact of climate change on forestry and seafood
- Trade policies and global market demand affecting exports
- Regulatory changes and sustainability initiatives
