In 2023, the primary oilseeds gross production in Canada stood at $4.410 billion in PPP terms. Based on the forecast data, production is set to consistently increase over the next five years.
Year-on-Year variations indicate the following trends:
- From 2023 to 2024, an increase of 1.54%
- From 2024 to 2025, an increase of 1.82%
- From 2025 to 2026, an increase of 1.75%
- From 2026 to 2027, an increase of 1.69%
- From 2027 to 2028, an increase of 1.62%
The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 1.68%, reflecting a steady upward trend in the primary oilseeds gross production in Canada.
Future trends to watch for include the impact of climate change on agricultural yields, technological advancements in farming practices, and potential shifts in global trade policies which could affect export opportunities and prices.