The forecasted re-import value of simply refined palm oil or its fractions to Canada is expected to increase steadily from $1.23 thousand in 2024 to $1.42 thousand in 2028. From 2023’s actual data, this marks consistent growth. Year-on-year growth is approximately 4% to 4.5%, and the compound annual growth rate (CAGR) over the forecast period is around 3.6%.

Future trends to watch for include:

Market dynamics in the global palm oil industry affecting supply and pricing.
Canada’s regulatory landscape and potential import policy changes.
Shifts in consumer preferences towards sustainable and ethically sourced palm oil.