Forecast: Sunflower Seed Oil Import in Canada

The import of sunflower seed oil in Canada is forecasted to gradually increase from 56.0 thousand metric tons in 2024 to 59.0 thousand metric tons through 2028. This indicates a stable demand growth for sunflower seed oil in the Canadian market with consistent year-on-year growth of around 1.8% from 2024 to 2026, which slows to no increase from 2027 to 2028.

Currently, in 2023, the baseline for sunflower seed oil imports stood at 55.0 thousand metric tons, marking a consistent growth trend when comparing actual and forecasted figures. Over the considered forecast period, the compound annual growth rate (CAGR) is expected to be approximately 1.7%.

Future trends to watch for include potential shifts in consumer preferences towards healthy oils, local production changes, and global market price fluctuations that could impact import volumes. Additionally, trade policy changes or environmental concerns affecting sunflower oil-producing countries might influence Canadian import levels.

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