In 2023, Canada's soybean oil exports stood at a certain level, setting the base for upcoming forecasts. From 2024 to 2028, projections indicate a steady growth in exports, with values increasing from 151.0 to 158.0 thousand metric tons. This represents a year-on-year growth rate of approximately 0.66% to 1.31%. The compounded annual growth rate (CAGR) over this forecast period is projected to be around 1.15%.
Future trends to watch for:
- Trade agreements impacting Canada's export tariffs or market access.
- Fluctuations in global oilseed markets affecting demand and pricing.
- Technological advancements in agriculture potentially boosting productivity.
