The forecast for Canada's import volume of raw animal fats from 2024 to 2028 shows a steady upward trend. In 2023, the import volume stood at 42.28 thousand metric tons. This indicates a consistent year-on-year increase, expected to average around 3% annually over the five-year period from 2024 to 2028. The compound annual growth rate (CAGR) further reinforces a stable growth pattern in the import volume over these years.
Future trends to watch for include potential shifts in consumer demand for animal fats, geopolitical factors affecting trade, and changes in domestic policies that might influence import dynamics. Additionally, the growing trend towards plant-based alternatives could impact the demand trajectory for animal fats.
