In 2023, the import of crude coconut (copra) oil to Canada stood at approximately 21.5 million US dollars. The data forecasts a consistent year-on-year increase from 2024 to 2028, with values rising steadily from 22.423 million USD in 2024 to 26.535 million USD in 2028. This signifies a yearly growth rate of about 4.5% to 4.6%. Over the five-year period, the compound annual growth rate (CAGR) indicates a sustained upward trend in imports.

Future trends to watch for include:

The impact of global economic conditions on commodity prices, potentially influencing import volumes and costs.
Changes in consumer preferences towards natural and organic products, which may drive demand for coconut oil.
Trade regulations and tariffs affecting Canada’s import dynamics and competitiveness on the global stage.