As of 2023, Canada's durum wheat production stood at approximately 5.30 million metric tons. The forecasted data for 2024 to 2028 shows a steady but slight increase in production, reaching 5.39 million metric tons by 2028, indicating a stable growth pattern.
The year-on-year growth rates are marginal, maintaining close to a similar percentage increase each year. The compound annual growth rate (CAGR) over the five-year forecast period averages at 0.38% annually, showcasing industry's gradual expansion.
Future trends to watch for include:
- Impact of climate change and its potential disruptions to farming patterns.
- Advancements in agricultural technology and their role in boosting production efficiency.
- Global demand fluctuations, especially from traditional durum wheat importers like Italy.