Based on the provided data, Canada’s wheat consumption is projected to rise from 5.22 million metric tons in 2024 to 5.33 million metric tons by 2028. This indicates a steady growth trend. The wheat consumption saw a growth from its 2023 figure, which stood at 5.19 million metric tons. The year-on-year variations are relatively modest, reflecting an upward trend: 2024 increased by 0.58%, 2025 by 0.55%, 2026 by 0.57%, and 2027 by 0.38%. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 0.53%.
Future trends to watch for include potential impacts of climate change on wheat production, changes in dietary patterns, and shifts in global trade policies affecting wheat import and export dynamics. Monitoring these factors will be crucial for understanding how they might influence wheat consumption in Canada.
