From 2023 to 2024, sloes and plums production in Canada is forecasted to begin at 3.8 thousand metric tons. The forecast shows a steady annual increase, with slight growth ranging from 0.53% to 0.55% each year, reaching 3.88 thousand metric tons by 2028.
Key points in trend analysis:
- Stable year-on-year growth from 2024 to 2028.
- Compound Annual Growth Rate (CAGR) reflects minimal but consistent increase over the forecasted period.
Future trends to watch:
- The impact of climate change on fruit yield and quality.
- Potential shifts in domestic and international demand influencing market dynamics.
- Technological advancements in agriculture possibly boosting productivity.