In 2023, Canada's import of pig and poultry fat registered $220.32K. From 2024 to 2028, a declining trend is forecasted, with the value expected to decrease progressively from $185.31K in 2024 to $51.62K in 2028. This translates to year-on-year reductions of 18.59%, 22.37%, 28.22%, and 38.60% respectively. The Compound Annual Growth Rate (CAGR) over the five years is projected to be significantly negative, indicating a sustained decline in imports.
Future trends to watch for include potential shifts in consumer preferences towards leaner meats or plant-based alternatives, changes in domestic production capabilities, and possible trade policy adjustments impacting import levels. Economic factors and agricultural innovation may also play crucial roles in the long-term trend of these imports.
