The oilseeds feed market in Canada has shown considerable volatility over the past decade. In 2023, the volume stood at 510.0 Thousand Metric Tons. Significant fluctuations were observed, notably the drastic 45.66% drop in 2016 and a notable 50.64% increase in 2018. The period from 2020 to 2023 saw a consistent decline with negative year-on-year variations, culminating in a 0.58% decrease in 2023. Over the last five years, the average annual decline (CAGR) was -2.84%. Forecasts for the coming years suggest a continued gradual decline, albeit at a slower rate, with a projected five-year CAGR of -0.4% and an overall five-year growth rate of -1.97%.
Future trends to watch for:
- Increased adoption of alternative feed options could influence market dynamics.
- Policy changes and international trade agreements may impact production and consumption patterns.
- Technological advancements in agriculture and feed production could potentially stabilize or reverse the declining trend.
