The forecast for margarine imports to Canada shows a gradual decline from 2.0856 million USD in 2024 to 1.8433 million USD in 2028. Comparatively, there was a noticeable downward trend over the years, with a steady year-on-year reduction: approximately 3% from 2024 to 2025, 3% from 2025 to 2026, 3.1% from 2026 to 2027, and 3.1% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 reflects an average decrease of around 3.1% per annum.
Future trends to watch for in the margarine import market include changes in consumer preferences towards healthier and plant-based fats, potential trade policy impacts, and any economic factors affecting purchasing power in Canada. Furthermore, innovations in margarine products or alternatives could influence import volumes.
