The forecast for Canadian imports of animal fats, oils, and fractions not chemically modified shows an upward trend from 2024 to 2028, increasing from $29.182 million to $36.058 million US Dollars. This reflects a continuous annual growth trend. By reviewing the forecasted values, there is a notable year-on-year variation in the range of approximately 6-7%, demonstrating a steady increase in imports over the given period.
Key trends to watch for in the future include:
- Potential impacts on trade policies that could influence import behaviors.
- Shifts in consumer demand for animal-based products or their alternatives.
- Price volatility of raw materials used to produce these fats and oils.
