Canada’s oilseeds production is forecasted to grow steadily from 31.49 million metric tons in 2024 to 33.15 million metric tons in 2028. Compared to the actual production in 2023, this marks a consistent upward trend. The year-on-year variations over the forecasted period demonstrate an approximate increase of around 1.3% to 1.8% annually. The Compound Annual Growth Rate (CAGR) over the five-year forecasted period is approximately 1.3%, reflecting moderate but consistent growth.
Future trends to watch for include advancements in agricultural technology, impact of climate change on crop yield, and market demand fluctuations. Additionally, trade policies and global economic conditions may significantly influence production and export dynamics.
