Analysis of wheat consumption at farm gate in Canada reveals a consistently growing trend from 2024 to 2028, with forecasts indicating incremental increases from 9.38 to 9.66 million metric tons. Confirming 2023 data shows it stood at 9.31 million metric tons.
Year-on-year variations from 2024 to 2028 are approximately 0.75% to 0.78%, with a yearly average growth rate (CAGR) over the five years recorded at around 0.76%.
Future trends to watch for:
- Potential impacts of climate change on wheat production.
- Technological advancements in farming practices.
- Fluctuations in global demand and trade policies affecting exports.
