The forecasted import volume of sunflower seed oil into Canada from 2024 to 2028 shows a steady increase from 28.45 thousand metric tons in 2024 to 29.55 thousand metric tons in 2028. Compared to the previous year of 2023, which stood at 28.18 thousand metric tons, the year-on-year growth rates for 2024 and 2025 are approximately 0.96% and 0.98%, respectively. The compound annual growth rate (CAGR) over the five-year period highlights a gradual increase of around 0.96% annually.
Future trends to watch for:
- Changing consumer preferences towards healthier oils could bolster demand.
- Trade policies or climate change impacting sunflower seed production.
- Economic factors influencing import capabilities and pricing fluctuations.
- Potential advancements in oil processing technology improving efficiency.
