In 2024, the forecast for Canada's import of simply refined sunflower or safflower oil is $42.205 million. This represents a consistent growth trajectory from 2025 through 2028, escalating to $43.96 million. The compound annual growth rate (CAGR) for the five-year period is estimated to provide a measure of stable year-on-year growth, indicating a steady market demand.
Future trends to monitor include potential changes in Canada's dietary consumption patterns favoring healthier oils, global market price fluctuations, and alterations in trade policies or tariff changes impacting import strategies. Additionally, developments in alternative oil production technology might affect long-term import dynamics.
