The forecasted oilseeds stock volumes in Canada show a consistent upward trend from 2024 to 2028. Starting at 782.0 thousand metric tons in 2024, the projections indicate a steady annual increase reaching 1,010.0 thousand metric tons by 2028. The year-on-year growth rates are estimated at approximately 7.67% for 2025, 6.89% for 2026, 6.33% for 2027, and 5.54% for 2028. The compound annual growth rate (CAGR) for this period is around 6.92%, reflecting a strong expected growth trajectory in oilseeds stocks during this period.
Future trends to watch for include:
- Potential impacts of climate change on crop yields that might affect stock levels.
- Possible changes in global trade policies and their effect on Canadian exports.
- Developments in agricultural technology that could enhance production efficiency.