As of 2023, Canada's soybean import volume stood at 1.14 million metric tons. The forecast from 2024 to 2028 shows a steady increase in import volumes, growing from 1.17 million metric tons in 2024 to 1.34 million metric tons in 2028. This represents a compound annual growth rate (CAGR) over the five-year period. For context, the year-on-year growth rates for 2024 and 2025 are approximately 3.4% and 4.1%, respectively.

Future trends to watch for in Canada's soybean market include:

Shifts in global soybean production due to climate change, which could affect Canada's import needs.
Changes in domestic demand driven by the food processing and biodiesel sectors.
Trade policies between Canada and major soybean exporters which might impact import volumes and prices.