The actual rice export value in Canada for the year 2023 stood at 22.79 thousand metric tons. Over the last two years, there has been a noticeable increase with a year-on-year growth of 16.83% in 2022 and 7.65% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 10.51%, highlighting robust growth. A significant jump was observed in 2018 with a 76.63% year-on-year increase. From 2024 onward, forecasted data suggests a continued increase in rice exports, reaching 30.79 thousand metric tons by 2028, with a forecasted 5-year CAGR of 4.75%, indicating steady growth.
Future trends to watch for include potential impacts from trade agreements, shifts in global rice demand, and advancements in agricultural technology which could further boost production and export capacity. Monitoring fluctuations in international markets and domestic policy changes will also be crucial in predicting future export volumes.