The forecast for Canada's durum wheat grain exports shows a steady increase from 4.75 million metric tons in 2024 to 4.92 million metric tons in 2028. In 2023, the export volume was noted at 4.7 million metric tons, showing a gradual year-on-year growth of approximately 1% to 1.2%. The compounded annual growth rate (CAGR) anticipated over this five-year period is approximately 0.88%.
Future trends to watch for include:
- Potential shifts in global demand for durum wheat, particularly from major importing countries.
- Changes in Canadian agricultural policies and innovations that may affect production capacity.
- Climate change impacts on Canadian wheat yields and global market pricing dynamics.
