In 2023, Canada's wheat production stood at 32.1 million metric tons. For 2024, the forecast stands at 32.43 million metric tons, indicating a 1.03% increase from the previous year. By 2025, this value is projected to rise again by 0.99% to 32.75 million metric tons. The upward trend continues with 2026 showing a 0.92% increase to 33.05 million metric tons, 2027 reaching 33.36 million metric tons (0.94% rise), and 2028 anticipated at 33.66 million metric tons, marking a 0.90% increase. The compound annual growth rate (CAGR) over this five-year period is approximately 0.95%.
Future trends to watch for include the impact of climate change on crop yields, technological advancements in agricultural practices, and shifts in global wheat demand. Monitoring these factors, along with economic policies and trade agreements, will be crucial in anticipating future wheat production trends in Canada.
