In 2023, the margarine import in Canada stood at an estimated baseline. Analyzing the forecast for the period from 2024 to 2028, we observe a steady yet minimal increase in imports, rising from 1.79 to 1.86 thousand metric tons. The year-on-year variation displays a consistent growth rate of approximately 1-1.2%. The Compound Annual Growth Rate (CAGR) over the five years is approximately 0.7%.

Future trends to watch for include:

Changes in consumer preferences towards healthier spreads and plant-based alternatives may impact margarine import volumes.
The influence of potential trade agreements and tariffs on import levels.
Fluctuations in domestic production impacting the need for imports.