As of 2023, rapeseed consumption at the farm gate in Canada is estimated at 11.47 million metric tons. The forecast from 2024 to 2028 shows a consistent upward trend in consumption, increasing from 11.75 to 12.9 million metric tons. The year-on-year growth rates range from approximately 2.47% to 2.96%, indicating steady consumption growth. The Compound Annual Growth Rate (CAGR) over this period is expected to be around 2.5%, reflecting a gradual but steady rise in rapeseed utilization.
Future trends to watch for include potential changes in agricultural policies, technological advancements in crop production, and shifts in global rapeseed market dynamics, which could impact domestic consumption patterns.
