In 2023, Canada's oilseeds import volume stood at 1.59 million metric tons. Forecast data indicates a steady increase over the coming years, reaching 1.64 million metric tons in 2024. This upward trend continues through 2028, with a yearly growth rate of approximately 3%. From 2024 to 2025, the import volume is expected to grow by around 3%, maintaining this pace in subsequent years through 2028. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) is approximately 3%.
Future trends to watch for include fluctuations in global oilseed production and prices, trade policies, and Canada's domestic demand for oilseeds. Monitoring technological advancements in agriculture and the impact of climate change on oilseed-producing regions will also be crucial.