In 2023, Canada's rapeseed yield stood at 2.12 metric tons per hectare. From 2024 to 2028 forecasts show a steady increase in yield per hectare from 2.14 to 2.21 metric tons per hectare. The year-on-year growth indicates modest but positive growth trends, showing approximately a 0.93% rise in 2024 and a similar trend up to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected to be about 0.84%.
Future trends to watch for:
- Weather conditions impacting seed yield due to climate change.
- Advancements in agricultural technology and practices aimed at enhancing yield.
- Market demand fluctuations and trade policies influencing planting decisions.
