In 2023, Canada's maize oil import volume stood at 12.00 thousand metric tons. The forecast for the following years indicates a slight declining trend: from 11.94 thousand metric tons in 2024 to 11.75 thousand metric tons by 2028. Year-on-year, the import volumes show minimal decrease, averaging a 0.42% decline per year. The five-year CAGR suggests a gradual downtrend in imports, approximately -0.42% annually.
Future trends to watch for include potential demand shifts due to changes in consumer preferences towards healthier oils, domestic production incentives, or international trade policies impacting imports.
