In 2023, Canada's sunflower seed stock stood at approximately 2.8 Thousand Metric Tons. The forecast from 2024 to 2028 shows a steady increase from 3.0 Thousand Metric Tons to 6.0 Thousand Metric Tons, representing a consistent rise in inventory levels. Year-on-year, the stock grows by roughly 20-25% in the latter years, with a Compound Annual Growth Rate (CAGR) over the forecast period of about 19%. This upward trend suggests robust growth driven possibly by increased demand or improved agricultural yields.
Future trends to watch for:
- Potential impact of climate change on sunflower yields.
- Market demand shifts due to changes in oil consumption and health trends.
- Trade policy changes affecting imports and exports related to sunflower seeds.
