In 2023, Canada's rapeseed and mustard oil export volume was 3.56 million metric tons. The forecast from 2024 to 2028 shows a steady growth, with volumes increasing year-on-year. Specifically, the expected year-on-year growth is approximately 1.66% in 2024, 1.65% in 2025, 1.63% in 2026, 1.87% in 2027, and 1.31% in 2028. Over the five-year period, the compound annual growth rate (CAGR) is roughly 1.62%, suggesting a gradual upward trend.

Future trends to watch for in the rapeseed and mustard oil market include:

Changes in international trade policies and tariffs affecting export dynamics.
Shifts in global demand driven by dietary trends and alternative oilseed preferences.
Climate change impacts on crop yields and subsequent effects on oil production.
Technological advancements in agricultural practices enhancing production efficiency.