In 2023, Canada's soybean oil stocks were estimated at XX thousand metric tons. From 2024 onwards, forecasts suggest steady growth, indicating an increase from 21.0 thousand metric tons in 2024 to 27.0 thousand metric tons by 2028. This growth reflects a consistent upward trend in stock availability.
Year-on-year, there is an average increase of approximately 5% annually. Over the five-year period, the Compound Annual Growth Rate (CAGR) also aligns with this consistent 5% annual growth pattern, suggesting sustained expansion in stock.
Future trends to watch for include potential impacts of climate change on agriculture, shifts in trade policies affecting imports/exports, and technological advancements in crop cultivation which may further influence soybean oil production and stock levels in Canada.
