In 2023, Canada's wheat grain exports stood at 23.18 million metric tons. The projected exports for the years 2024 through 2028 show a steady but minor increase, rising from 23.22 million metric tons in 2024 to 23.40 million metric tons by 2028. The year-on-year growth is minimal, reflecting a consistent increase of approximately 0.22% annually.
The last two years showed similar slight growth patterns. The compound annual growth rate (CAGR) over this five-year period from 2024 to 2028 is forecasted at around 0.24%, suggesting a stable but limited expansion in export volume.
Future trends to watch for include potential impacts from climate change on wheat production, demand shifts in global markets, trade policy changes, and technological advancements in agriculture that could increase crop yields.
