In 2023, Canada's sunflower seed import volume was recorded at approximately 19.5 thousand metric tons. From 2024, forecasts suggest a consistent volume of 18.0 thousand metric tons in both 2024 and 2025. A slight decline is expected in 2026 and 2027, with import volumes dropping to 17.0 thousand metric tons. By 2028, forecasts anticipate a further decrease to 16.0 thousand metric tons. This represents a compound average growth rate (CAGR) of approximately -3.9% per annum from 2023 to 2028, indicating a downward trend.
Future trends to watch include:
- Potential changes in domestic production capacities which might affect import reliance.
- Variations in global market dynamics, including supply chain disruptions or trade agreements that could impact import volumes.
- Shifts in consumer preferences towards alternative seeds or changes in health trends affecting sunflower seed demand.