In 2023, Canada's dry peas production at farm gate was valued at an estimated 919.0 million Euros. Moving into forecasts from 2024 through 2028, production values are expected to rise steadily, starting at 940.13 million Euros in 2024 and reaching 1020.0 million Euros by 2028. The year-on-year growth rate is consistent, with production increasing at an annual average of approximately 2.05% over this period.
Future trends to watch for include:
- Potential impacts of climate change on agricultural yields, which could alter production estimates.
- Fluctuations in global demand for dry peas, influencing both price and production levels.
- Technological advancements and their role in enhancing agricultural productivity and efficiency.