In 2023, Canada's corn domestic disappearance stood at 16.5 million metric tons. Forecasts predict a steady annual growth, reaching 17.83 million metric tons by 2028. The year-on-year increase from 2024 to 2028 ranges around 1.6% to 1.7%, reflecting consistent demand growth. Over these five years, the compound annual growth rate (CAGR) is projected to be approximately 1.6%.
Future trends to watch for include:
- Changes in domestic production versus import reliance for corn supply.
- Shifts in domestic demand drivers, like livestock feed and ethanol production.
- Policy changes affecting the agricultural sector and trade agreements.
- Climate change impacts on corn yield and availability.
