In 2023, Canada's rapeseed and mustard oil stock was notably higher compared to the forecasted data starting from 2024. The forecasts predict a consistent stock decline over the next five years, with a year-on-year volume decrease ranging from approximately 17% to 11%. The projected compound annual growth rate (CAGR) indicates a significant annual reduction in stocks by about 10% per year.
Future trends to watch for include potential factors that could alter supply and demand dynamics, such as changes in agricultural practices, climate impacts on crop yields, trade policies affecting imports, and consumer preference shifts towards alternative oils. Monitoring these factors will be essential for anticipating further variations in stock levels.
