In 2023, the re-import of virgin olive oil to Canada stood at 6.55 thousand kilograms. Forecasts from 2024 to 2028 indicate a gradual increase, from 6.72 thousand kilograms in 2024 to 7.4 thousand kilograms by 2028. The year-on-year growth from 2024 to 2025 is 2.68%, from 2025 to 2026 is 2.46%, from 2026 to 2027 is 2.26%, and from 2027 to 2028 is 2.35%. The compound annual growth rate (CAGR) over the five years stands at approximately 2.41%, reflecting a steady growth pattern in re-import volumes.
Looking ahead, key trends to watch include potential shifts in consumption patterns due to health-conscious dietary trends, changes in trade policies affecting import channels, and fluctuations in domestic production that could influence demand for re-imports.
