Rapeseed oil production in Canada stood at 4.8888 million metric tons in 2023. Analyzing the year-on-year variation, production saw a 3.07% growth from the previous year. Over the last five years, the compound annual growth rate (CAGR) was 3.49%. Historical trends exhibit a consistent upward trajectory, albeit with occasional fluctuations. The largest annual increase was observed in 2016 with a 14.67% rise.

Forecasted data indicates continual growth, with a forecasted five-year CAGR of 2.26% and an overall growth rate of 11.85% by 2028. Key trends to watch include advances in agricultural technology, climate change impacts, and trade policies affecting supply and demand dynamics.