The forecast for Canada's durum wheat exports shows a consistent upward trend over the next five years. In 2024, exports are expected to reach 4.81 million metric tons and grow steadily each year, reaching 5.01 million metric tons by 2028. In 2023, actual exports figures should be considered to understand the trend's context.
Year-on-Year Analysis (YoY):
- 2024-2025: Projected increase of approximately 1.04%.
- 2025-2026: Projected increase of approximately 1.03%.
- 2026-2027: Projected increase of approximately 1.02%.
- 2027-2028: Projected increase of approximately 1.01%.
Compound Annual Growth Rate (CAGR):
- Projected CAGR over the forecast period (2024-2028) is approximately 1.03%.
In future, factors to watch for include global demand shifts, climate change impacts on production, and policy changes affecting trade. These elements could influence the actual export figures significantly.
