As of 2023, Canada's domestic consumption of rapeseed oil stood at approximately 1.02 million metric tons. The forecast for the period from 2024 to 2028 indicates a steady growth in consumption with an average annual growth rate of 1.48% over this period. Year-on-year growth shows minor increments with 2024 at 1.04, 2025 at 1.06, 2026 at 1.07, 2027 at 1.09, and 2028 at 1.10 million metric tons, depicting a gradual increase. The compound annual growth rate (CAGR) over these five years would reflect a modest growth trend, highlighting the increasing domestic usage in Canada.

Future trends to watch for:

Potential impacts of dietary shifts and health trends favoring plant-based oils.
Changes in agricultural policies or trade agreements affecting supply and pricing.
The influence of environmental sustainability initiatives on production practices.