In 2023, Canada's corn imports stood at 5.10 million metric tons. Forecast data indicates a consistent growth in imports from 2024 to 2028, with values increasing from 5.23 million metric tons in 2024 to 5.82 million metric tons by 2028. The year-on-year growth is approximately 2.87%. The compound annual growth rate (CAGR) over these five years is projected at 2.64%, suggesting stable demand for corn imports over this period.
Future trends to watch for include:
- Changes in domestic corn production affecting import needs.
- Trade policy shifts impacting import tariffs and agreements.
- Global market price fluctuations due to environmental or geopolitical factors.
- Increasing demand for corn-based products influencing import volumes.
