In 2023, wheat production at farm gate in Canada was valued at 5.1 billion euros. The forecast data from 2024 to 2028 indicates a steady annual growth, with values increasing from 5.18 billion euros in 2024 to 5.4 billion euros in 2028. This represents an average compound annual growth rate (CAGR) of approximately 1.0% over the five-year period.
Year-on-year variations show a consistent upward trend:
• 2024: 1.5% increase
• 2025: 0.97% increase
• 2026: 1.15% increase
• 2027: 0.94% increase
• 2028: 1.12% increase
Future trends to watch for include the impact of climate change on wheat yields, advancements in agricultural technology, and shifts in global market demand which could influence Canada’s wheat production dynamics. Monitoring these factors will be critical in predicting longer-term trends in the industry.
