In 2023, rapeseed production at farm gate in Canada was valued at 6.45 billion Euros. Forecast data indicates a consistent growth trend from 2024 to 2028, with the value increasing from 6.55 billion Euros in 2024 to 6.97 billion Euros in 2028. This forecast suggests an average year-on-year growth of around 1.75%. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately 1.67%.
Future trends to watch for include potential impacts of climate change on crop yields, fluctuating market prices, and advancements in agricultural technology that could influence production efficiency. Monitoring these factors will be crucial for assessing both short-term and long-term trends in the rapeseed production sector in Canada.