Key Market Indicators
Consumption of oilseeds in Canada is expected to reach 266,000 metric tons by 2026, from 263,000 metric tons in 2021. This would represent a growth of 0.2% per year on average since 2017. Canada ranked 30th in 2021, with Malaysia leading the way with 263,000 metric tons. India, Indonesia, and Brazil came in second, third, and fourth in the ranking, respectively. Production of oilseeds in Canada is forecast to reach 9.97 million metric tons by 2026, from 9.22 million metric tons in 2021. This would represent an average annual growth rate of 1.4% since 1966. Canada was 8th in 2021, with Argentina overtaking with 9.22 million metric tons. Brazil, the United States, and Malaysia ranked second, third, and fourth in the ranking, respectively.