The import of pig and poultry fat to Canada is forecasted to decrease over the 2024-2028 period. Starting from 349.23 thousand kilograms in 2024, imports are set to decline steadily to 277.48 thousand kilograms by 2028. Year-on-year changes highlight a shrinking market, with negative growth rates indicating a consistent downward trend. From 2024 to 2025, there is a 5.29% decrease, followed by further declines of 5.48% in 2026, 5.66% in 2027, and 5.90% in 2028.
Future trends to watch for in this market include:
- Potential shifts in consumer preferences towards plant-based fats and alternative products.
- Possible changes in trade policies affecting import tariffs and quotas.
- Technological advancements in fat processing that could impact demand and supply dynamics.