In 2023, Canada's cut lilies production was valued at 14.313 million, based on historical data. Forecasts from 2024 to 2028 indicate a continuous decline in production value. Year-on-year percentage variation shows a consistent decrease, highlighting a potential trend of diminishing interest or demand for cut lilies or challenges within the production sector. Over the forecasted five-year period (2024-2028), the compound annual growth rate (CAGR) is negative, suggesting an average annual decline in production value.
Future trends to watch for include potential shifts in consumer preferences towards other florals, disruptions in the floral supply chain, and changes in agricultural policies or climate conditions that could impact flower farming practices in Canada.
