In 2023, maize oil production in Canada stood at 63.11 thousand metric tons. Looking forward, the forecast from 2024 to 2028 indicates a steady growth in production volume, with incremental annual increases. Specifically, the annual growth rate between 2024 and 2025 is projected at 0.39%, between 2025 and 2026 at 0.38%, and continues similarly, culminating in a Compound Annual Growth Rate (CAGR) of approximately 0.38% over the five years from 2024 to 2028.

Future trends to watch for include:

Potential impacts of climate change and extreme weather conditions on maize crop yield, which could affect oil production.
Technological advances in production processes that may enhance efficiency and output.
Shifts in consumer preferences towards plant-based oils which could drive higher demand for maize oil.
Regulatory changes and trade agreements that might influence the export dynamics of Canadian maize oil.