The forecasted import volume of animal fats in Canada is expected to grow steadily from 2024 to 2028, starting at 129.73 thousand metric tons in 2024 and reaching 142.73 thousand metric tons in 2028. This represents a year-on-year growth of approximately 2.6% to 2.9%. As of 2023, Canada's import volume was slightly below the 2024 forecast, indicating a consistent upward trend. This forecast suggests a Compound Annual Growth Rate (CAGR) of roughly 2.4% over the five-year period.

Future trends to watch for include:

Potential shifts in global animal fat supply chains which could impact Canada's import dynamics.
Changes in dietary trends and consumer preferences towards plant-based alternatives affecting demand.
Global economic conditions influencing import costs and volume.