Key Market Indicators
Canadian demand for sunflower oil is set to remain steady over the next five years, with no change in average rate. In 2021, the country ranked 70th worldwide, while Namibia overtook with 13 thousand metric tons. Russia, Spain and Argentina came in second, third and fourth place respectively. Meanwhile, Canadian production of sunflower oil is set to grow by 1.1% year on year CAGR from 25,910 metric tons in 2021 to 27,460 metric tons in 2026. Since 1966, production has increased by 0.7% each year. In 2021, India led the way with 25,910 metric tons, followed by Russia, Argentina and Hungary.