In 2023, the re-import of oleic acid to Canada was recorded at 4.68 thousand kilograms, serving as the baseline for subsequent forecasts. The forecast from 2024 to 2028 indicates a consistent incremental growth pattern: 4.77 thousand kilograms in 2024, reaching 5.09 thousand kilograms by 2028. This reflects an annual growth rate (CAGR) of approximately 2.09% over the five-year period.

Future Trends to Watch:

Monitor technological advancements in oleic acid production impacting import needs.
Assess how potential trade policies might influence re-import volumes.
Keep an eye on domestic production capacities which might alter the reliance on re-imports.