The forecast for Canada's soybean oil export volume demonstrates a steady annual increase from 2024 to 2028, with a projected rise from 194.1 thousand metric tons in 2024 to 211.6 thousand metric tons in 2028. In 2023, the volume stood at 190.9 thousand metric tons, marking a consistent growth pattern in recent years. This increase reflects a compound annual growth rate (CAGR) of approximately 2.7% over the five-year period.
Future trends to watch for include changing global demand for vegetable oils, potential trade policy shifts, and advancements in agricultural technology that could impact production and export capabilities, influencing Canada's position in the global soybean oil market.
