Data (in Thousand Metric Tons):
- 2024: 106.43
- 2025: 107.82 (+1.31%)
- 2026: 109.19 (+1.27%)
- 2027: 110.53 (+1.24%)
- 2028: 111.84 (+1.18%)
The Compound Annual Growth Rate (CAGR) for the next 5 years (2024-2028) is approximately 1.25%
Future Trends
As Canada continues to expand its animal fats exports, factors such as global demand, advancements in processing technologies, and sustainability practices will play crucial roles. Monitoring international trade relations and regulatory changes will also be essential to anticipating market shifts.
