In 2023, Canada's soybean oil import volume was 19.35 thousand metric tons. Forecasts suggest a gradual decline in imports from 2024 to 2028, with an average annual decrease (CAGR) of approximately 2.86%. Specifically, import volumes are predicted to decrease by 2.84% from 2024 to 2025, by 2.82% from 2025 to 2026, 2.85% from 2026 to 2027, and by 2.93% from 2027 to 2028.

Future trends to watch include:

Impact of global supply chain shifts and trade agreements on import levels.
Potential changes in domestic production and alternative oil sources.
Price fluctuations and demand dynamics in the Asia-Pacific region.
Influence of sustainability trends on consumer preferences and industry practices.