The forecasted data presents a consistent decrease in vegetable oils import volume in Canada from 2024 to 2028:
- 2024: 399.27 thousand metric tons
- 2025: 396.06 thousand metric tons
- 2026: 392.91 thousand metric tons
- 2027: 389.83 thousand metric tons
- 2028: 386.81 thousand metric tons
Year-on-year variation:
- 2024 to 2025: -0.8%
- 2025 to 2026: -0.8%
- 2026 to 2027: -0.8%
- 2027 to 2028: -0.8%
Compound Annual Growth Rate (CAGR) over the last 5 years: -0.8%
The data suggests a steady decline in import volumes, which might be attributed to either reduced demand or increased domestic production. Future trends to watch for include changes in local agricultural policies, international trade agreements, and consumer preference shifts towards alternative oils or local products.
