In 2023, the domestic consumption of corn in Canada stood at 16.03 million metric tons. The forecast for 2024 anticipates an increase to 16.23 million metric tons. This upward trend is projected to continue, with consumption expected to rise to 17.02 million metric tons by 2028.
Year-on-year variations reflect a consistent growth pattern:- From 2024 to 2025: approximately 1.23% increase.- From 2025 to 2026: approximately 1.22% increase.- From 2026 to 2027: approximately 1.20% increase.- From 2027 to 2028: approximately 1.13% increase.
Over the last two years, the compound annual growth rate (CAGR) has been around 1.19%, demonstrating a steady but modest rise in corn consumption.
Future trends to watch for include potential shifts in agricultural policy, advancements in corn farming technology, and changes in consumer dietary patterns, which could impact domestic consumption rates. Additionally, fluctuations in global corn markets and climate change effects on crop yields will be crucial to monitor.
