The forecast suggests a steady increase in the re-import of simply refined coconut (copra) oil to Canada from 2024 to 2028. In 2023, the value stood at 160 thousand US dollars. The year-on-year growth rates starting from 2024 show a consistent upward trend with a notable Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028. This indicates a growing demand or strategic importance in re-importing this product.
Future trends to watch for:
- Fluctuations in global coconut oil prices influencing re-import volumes.
- Changes in Canadian consumer preferences towards healthier oil options.
- Potential shifts in trade policies affecting import duties and tariffs on copra oil.