The forecast for mustardseed and rapeseed demand in Canada shows a steady increase from 11.28 million metric tons in 2024 to 11.91 million metric tons in 2028. The year-on-year growth rates from 2024 to 2028 are approximately 1.51%, 1.31%, 1.38%, and 1.28% respectively. Assuming the demand stood around 11 million metric tons in 2023, the compound annual growth rate (CAGR) over the five-year period is about 1.38%, reflecting stable demand in these oilseed markets.
Future trends to watch include potential impacts from climate change on crop yield, innovations in agricultural practices, and shifts in global oilseed markets that may influence Canada's mustardseed and rapeseed demand trajectory.
