The forecasted rapeseed production in Canada shows a steady increase from 18.12 Million Metric Tons in 2024 to 18.95 Million Metric Tons in 2028. Compared to 2023's actual production, which stood at 17.91 Million Metric Tons, the forecasted figures indicate a positive growth trend. The year-on-year percentage variations from 2024 to 2028 are stable, ranging between 1.2% and 1.1%. This steady trend reflects a consistent increase, with a Compound Annual Growth Rate (CAGR) of approximately 1.1% over the five-year forecast period.
Future trends to watch for include potential impacts of climate change, advancements in agricultural technology, and market demands for biofuels. Monitoring these factors will be crucial to understanding and anticipating changes in rapeseed production volumes.