The forecasted rapeseed oil supply in Canada sees a steady year-on-year increase from 2024 to 2028. The supply is projected to grow from 4.97 million metric tons in 2024 to 5.41 million metric tons in 2028. This translates to an average year-on-year growth rate of approximately 2.2%. The forecasted compound annual growth rate (CAGR) over the five-year period is about 2.22%.
Future trends to watch for include:
- Global demand fluctuations for rapeseed oil due to changing dietary preferences.
- The impact of climate change on crop yields in Canada.
- Potential regulatory changes or trade policies affecting rapeseed oil exports and imports.
