The forecast for Canada's import of oleic acid shows a declining trend from 2024 to 2028, with values dropping from approximately $1.55 million to $1.01 million. This trend suggests a cumulative annual growth rate (CAGR) that indicates a steady decrease in the import value over the years. Comparing the forecasted figures with the actual value from 2023, which was higher (exact 2023 data not provided), the year-on-year percentage variation highlights a consistent downward trajectory in imports.

Future trends to watch for include:

Fluctuations in global oleic acid supply and demand, potentially influenced by geopolitical tensions or climatic changes.
Evolution in consumer preferences and industrial applications for oleic acid in Canada.
Price changes of substitutes or related chemicals that might affect oleic acid import demand.