The data forecasts a steady decline in the import value of Lard, Other Pig Fat, and Poultry Fat to Canada over the five-year period from 2024 to 2028, dropping from $7.76 million USD in 2024 to $7.46 million USD in 2028. This reflects a compounded annual growth rate (CAGR) of a negative trend over the forecast horizon. In comparison to 2023, there is an observable year-on-year decrease, indicating a downward trend in the market for these imports.

Future trends to watch for include:

Shifts in consumer dietary patterns towards plant-based alternatives, which may further reduce imports.
Potential trade policy changes that could affect the cost or feasibility of importing these products into Canada.
Economic factors such as exchange rate fluctuations or changes in domestic production that might impact import volumes and values.