The rapeseed and mustard oil processing in Canada is expected to experience steady growth from 2024 to 2028, with production volumes increasing from 235 to 242 thousand metric tons. This represents a gradual annual growth trend. In 2023, the production stood slightly below the forecasted 2024 levels, indicating a positive year-on-year trend with slight increments of around 0.8% annually.
Future trends to watch for include:
- Potential impacts of climate change on crop yields, affecting raw material availability and processing volumes.
- Market demand shifts due to changing consumer preferences for healthier cooking oils.
- Technological innovations in processing that could enhance efficiency and output.
- Trade policy changes impacting export opportunities or costs.