In 2023, Canada's wheat domestic disappearance stood at 9.45 million metric tons. The forecasted data from 2024 to 2028 show a steady incremental increase: from 9.54 million metric tons in 2024 to 9.91 million metric tons by 2028. This continuous growth reflects an average year-on-year variation of approximately 0.94% over the forecast period, with a compound annual growth rate (CAGR) of about 0.94% from 2024 to 2028.
Future trends to watch for:
- Impact of technological advancements in agriculture on wheat production efficiency.
- Diversification in domestic wheat usage, potentially affecting disappearance rates.
- Changes in consumer dietary preferences towards wheat-based products.
- Government policies on agriculture and food security.
