In 2023, Canada's palm kernel oil imports stood steady at 15.0 thousand metric tons. The forecast from 2024 through 2028 indicates that this volume will remain unchanged at 15.0 thousand metric tons each year. This represents a consistent trend with negligible year-on-year variation, leading to a CAGR of 0% for the five-year period. The lack of variation suggests stable demand and an interest in maintaining current import levels without significant growth.
Future trends to watch include:
- Influence of dietary trends and health considerations on palm oil consumption.
- Impact of sustainability and environmental policies on palm oil sourcing.
- Potential economic shifts and trade policy changes that may alter import levels.