The sunflowerseed oil stock in Canada is projected to increase steadily from 2024 to 2028. Starting at 3.24 thousand metric tons in 2024, it is forecasted to reach 3.92 thousand metric tons by 2028. This represents a consistent year-on-year growth trend, indicative of a stable demand and supply situation. For 2025, a 5.6% increase is anticipated over the 2024 levels. By 2026, the increase is expected to be 5.0%, 4.8% in 2027, and 4.3% in 2028, showing a slight trend towards slower growth. The five-year compound annual growth rate (CAGR) stands at approximately 4.8%.
Future trends to watch include potential impacts from changes in global agricultural policies, climate conditions affecting sunflowerseed production, and shifts in consumer preferences towards healthier oils. These factors could influence both supply and demand dynamics, thereby affecting stock levels in Canada.