The forecasted re-import of fish or marine mammal fat to Canada shows a consistent upward trend from 2024 to 2028. In 2023, the baseline value was not provided; forecasts predict annual increases, with the value reaching 678.6 thousand US dollars by 2028. The year-on-year growth rate is steady, indicating reasonable market stability. The compound annual growth rate (CAGR) for the period is positive, reflecting sustainable growth expectations over five years.
Future trends to watch for include:
- Potential impacts of changes in trade policy or tariffs affecting import costs.
- Environmental regulations that could influence sourcing and supply chains.
- Shifts in consumer preference toward alternative fats and their effect on demand.
- Technological advancements in processing and preservation of marine fats.