The palm oil import volume in Canada is forecasted at 120.22 thousand metric tons for 2024, with a year-on-year growth trend averaging approximately 1.64% through 2028. In 2023, actual data reported imports at 118.5 thousand metric tons, indicating a steady increase in demand. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 1.54%, reflecting a gradual yet consistent rise in imports.

Future trends to watch for:

Focus on sustainability and certifications for imported palm oil could influence volumes.
Potential impact of alternative oils and dietary shifts on palm oil demand.
Trade policies and international relations affecting import logistics and tariffs.