The forecast for buckwheat production in Canada shows a gradual decline from 2024 to 2028. In 2024, the production is expected to be 9.29 thousand metric tons, decreasing to 7.51 thousand metric tons by 2028. This indicates a consistent downward trend over the five-year span. To provide context, as of 2023, buckwheat production stood at 9.74 thousand metric tons, marking a noticeable decrease year-on-year. The compound annual growth rate (CAGR) calculated over this period suggests a persistent reduction in output year after year.
Future trends to watch for include:
- Potential impact of climate change on agricultural yield.
- Shifts in domestic and international demand for buckwheat.
- Developments in farming technology that might affect production rates.
