The Canadian rapeseed oil export stood at 3.13 million metric tons in 2023. The forecast data indicates steady growth over the next five years, reaching 3.51 million metric tons by 2028. The year-on-year variations show an increase of approximately 1.8% annually from 2024 to 2025, 2.1% from 2025 to 2026, 1.8% from 2026 to 2027, and 1.7% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 2.3%.
Future trends to watch for include potential impacts of climate change on crop yields, changes in global demand, trade policies, and technological advancements in agriculture. Monitoring these factors will be crucial for forecasting and strategizing around rapeseed oil exports.