In recent years, Canada's import of oil seeds, oleagic fruits, grains, and seeds has shown variability with notable fluctuations. Between 2013 and 2018, imports increased significantly, peaking in 2018 with the sharpest year-on-year growth of 20.67%. However, a correction followed in 2019 with a 9.34% decline. The years 2020 through 2023 saw modest but consistent growth, with the import value standing at 1151.4 million USD in 2023. Over the last five years, the CAGR was 0.76%, reflecting a generally steady market with episodic volatility.
Looking forward, the period from 2024 to 2028 is forecast to experience moderate growth with an average annual increase of 1.78%, culminating in a 9.2% overall growth by 2028. Key future trends to watch for include potential impacts of climatic changes on agricultural yields, shifts in global trade policies, economic conditions affecting commodity prices, and advancements in agriculture technology that may influence import demands.
