The re-importation of linseed oilcake and other solid residues to Canada is forecasted to experience a steady decline between 2024 and 2028, with values dropping from 23.09 to 22.32 thousand US dollars. In comparison to 2023, which marked a starting point before this forecast, this represents a downward trend. Over the next five years, the year-on-year percentage variation shows a consistent decrease, and the projected compound annual growth rate (CAGR) for this period is negative, indicating a slow but steady reduction in re-import volumes annually.
Future trends to watch for include potential changes in import regulations, domestic production capabilities, and shifts in global supply chains that may impact Canada's demand for re-imported linseed oilcake.
