The import forecast for crude groundnut oil to Canada shows a steady increase from 1.4608 million kilograms in 2024 to 1.676 million kilograms in 2028. This represents a consistent annual growth trend from 2024 onwards. In terms of year-on-year percentage variation, the increase is approximately 3.8% annually over the forecasted period. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around 3.8% as well, indicating a stable demand trajectory.
Future trends to watch include:
- Potential changes in dietary preferences influencing oil demand.
- The impact of global trade policies on import volumes.
- Fluctuations in global groundnut production affecting supply and prices.
