As of 2023, Canada's soybeans export volume stood at 5.98 million metric tons. Forecasted data indicates a consistent upward trend from 2024 to 2028, with expected volumes reaching 6.65 million metric tons by 2028. Year-on-year growth rates show a steady increase, averaging around 2.1% annually over this period. Over a five-year span, Canada’s soybean exports are expected to develop at a compound annual growth rate (CAGR) of approximately 2.15%.
Future trends to monitor include:
- Potential impacts of global trade agreements and tariffs on Canadian exports.
- Climate change effects on soybean production and supply chain stability.
- Consumer demand shifts towards plant-based products in key export markets.
