In 2023, the actual re-import value of crude canola, rape, colza, or mustard oil to Canada was approximately 55,000 USD. From 2024, forecasted values show a consistent increase, reaching 70.52 thousand USD by 2028. The forecast data reveals a steady upward trend with year-on-year growth rates showing a moderate increase of around 5-6% annually. Specifically, 2025 sees a 5.8% increase from 2024, and this trend continues through 2028.

Key future trends to watch:

The potential impacts of global trade policies on re-imports.
Changes in domestic canola oil production affecting re-import demand.
Fluctuations in international oil prices that could alter cost dynamics.
Developing market demands for non-GMO and organic oils influencing import sources.