In 2023, Canada's primary oilseeds production stood at 9.596 million metric tons. Forecasted data indicates a consistent year-on-year growth, with projected values reaching 9.7605 million metric tons in 2024 and continuing to rise to 10.449 million metric tons by 2028. The year-on-year percentage growth from 2023 to 2024 is 1.71%, followed by increases of 1.82% in 2025, 1.75% in 2026, 1.68% in 2027, and 1.62% in 2028. Over the last two years, the average annual growth rate stands at roughly 1.76%, while the Compound Annual Growth Rate (CAGR) over the five-year forecast period is 1.71%.
Future trends to watch for include the impact of climate change on crop yield, advancements in agricultural technology that could increase production efficiency, and potential shifts in global market demand and trade policies affecting export opportunities for Canadian oilseeds.