The forecast for flax consumption at the farm gate in Canada shows a gradual decline from 142.7 thousand metric tons in 2024 to 139.3 thousand metric tons in 2028. This represents a decreasing trend with year-on-year decreases of approximately 0.6% to 0.9%. From 2023, where consumption was likely higher than 142.7 thousand metric tons, the compound annual growth rate (CAGR) indicates a steady reduction, portraying a tightening in flax demand or changes in farming practices.
Future trends to watch:
- Changes in global demand for flaxseed due to health and wellness trends.
- Impacts of climate change on flax production in Canada.
- Regulations and shifts in crop subsidies or trade agreements affecting farmer choices.
