In 2023, the wheat flour production in Canada stood at 2.5 million metric tons, consistent with the value from 2022. Over the last two years, the growth has shown an annual percentage variation of 0.14% year-on-year for 2023 and 4.08% for 2022. Over the last five years, the compound annual growth rate (CAGR) has averaged 0.82%. Forecasts indicate a steady growth, with production expected to reach 2.55 million metric tons by 2028, reflecting an estimated 0.3% CAGR over the next five years and an overall expected growth rate of 1.52% from 2024 to 2028.
Future trends to watch for include potential impacts from climate change, evolving trade policies, and advancements in agricultural technologies. Additionally, market demand fluctuations influenced by health trends, dietary shifts, and economic conditions will also play pivotal roles in shaping the wheat flour production landscape in Canada.
