The re-imports of animal, vegetable fats, and oils and cleavage products to Canada are forecasted to experience a continuous decline from 2024 through 2028. The value is expected to decrease progressively from $2.5096 million in 2024 to $2.0963 million in 2028. As of 2023, the baseline was slightly higher, and by evaluating year-on-year variations, we observe a yearly average decrease (CAGR) across these five years.

Future trends to watch for include:

Global supply chain changes that could affect import prices and demand.
Potential shifts in domestic policies impacting re-import taxation or regulation.
Developments in alternative products that could influence traditional fats and oils usage.