Canada's oilseeds export volume is forecasted to increase from 17.66 million metric tons in 2024 to 18.33 million metric tons by 2028. In 2023, the actual export volume stood at 17.5 million metric tons. Year-on-year variation shows a steady increase of around 1% to 1.2% annually. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 1.16%.
Future trends to watch for include:
- Shifts in global demand due to changing dietary preferences and food security policies.
- Advancements in agricultural technology impacting yield and quality.
- Trade policies and international relations that could affect market access.
- Climate change and its effects on crop production and export capabilities.