Based on the provided data, the year-on-year variations in the demand for raw animal fats in Australia are as follows:
- 2024: 155.0 Thousand Metric Tons
- 2025: 159.0 Thousand Metric Tons (2.58% increase)
- 2026: 162.0 Thousand Metric Tons (1.89% increase)
- 2027: 165.0 Thousand Metric Tons (1.85% increase)
- 2028: 168.0 Thousand Metric Tons (1.82% increase)
The Compound Annual Growth Rate (CAGR) over the five-year forecasted period (2024-2028) averages to approximately 2.03% per year.
Future Trends to Watch
Future trends in the demand for raw animal fats in Australia will largely depend on dietary trends, alternative fat sources, global market shifts, and potential regulatory changes. Watching for shifts towards plant-based alternatives and health trends will be critical in anticipating future demand variations.