The volume of cottonseed oil imports in Canada stood at 8.0 thousand metric tons in 2023, consistent with the previous year. Looking back from 2014 to 2023, the import volume has fluctuated significantly, with notable drops in 2015 and 2016 and a marked increase in 2018. The overall compound annual growth rate (CAGR) over the last five years is -2.33%, indicating a declining trend.
Future trends to watch for include:
- A slight expected increase in import volume from 2024 to 2028, with a forecasted CAGR of 0.44%.
- A gradual stabilization, with minimal year-on-year variation anticipated, reflecting market steadiness.
