Based on the data provided, the year-on-year variations are as follows:
- From 2024 to 2025: (201.46 - 200.4) / 200.4 * 100% = 0.53%
- From 2025 to 2026: (202.51 - 201.46) / 201.46 * 100% = 0.52%
- From 2026 to 2027: (203.53 - 202.51) / 202.51 * 100% = 0.50%
- From 2027 to 2028: (204.53 - 203.53) / 203.53 * 100% = 0.49%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is: ((204.53 / 200.4)^(1/4) - 1) * 100% = 0.51%
Future trends to watch for include the potential impact of environmental regulations, advancements in alternative fat sources, and shifts in consumer demand for animal-based products. Monitoring these factors could significantly impact the forecasted production of raw animal fats in Canada.
