The forecasts for cottonseed oil domestic consumption in Canada from 2024 to 2028 indicate a stable value of 6.0 Thousand Metric Tons annually. Considering the data from 2023, if provided, we could identify the standing for that specific year. Despite having a stable forecasted volume, the consistency suggests no year-on-year variation percentage, indicating a flat demand trend. Over the past two years, the lack of change in consumption volume further supports no notable trend deviation. Similarly, the five-year CAGR is 0%, revealing no growth or decline in the cottonseed oil consumption.
Future trends to watch for include potential shifts in consumer preferences towards healthier oils, changes in agricultural policies affecting cottonseed production, and adaptations in the food processing industry which might alter the demand for cottonseed oil. Global market fluctuations and trade policies may also impact domestic consumption patterns.
