In 2023, the soybean oil processing volume in Canada stood at 186.0 thousand metric tons. From 2024 onwards, forecasts indicate a consistent level of 186.0 thousand metric tons yearly up to 2028, showing no annual variation or compound annual growth rate (CAGR) over the period. This lack of growth suggests a stable market environment with neither expansion nor decline in processing volume.

Future trends to watch for:

Increasing interest in alternative oils due to health and sustainability may impact soybean oil demand.
Potential changes in trade policies affecting imports and exports could alter market dynamics.
Technological advancements in processing efficiency might influence production costs and capacity.