In 2023, Canada's palm oil export volume stood at approximately 5.00 thousand metric tons. Forecasts from 2024 to 2028 indicate a steady increase in export volume, rising from 5.17 thousand metric tons in 2024 to 5.86 thousand metric tons in 2028. This represents an average annual growth rate of approximately 3.15%. The year-on-year growth is anticipated to be consistent, reflecting a robust demand trajectory.

Key future trends to watch for:

Implementation of sustainable palm oil production practices that could influence trade dynamics.
Regulatory changes and environmental concerns potentially impacting market access and export volumes.
Fluctuations in global palm oil demand impacting Canadian export strategies.