The domestic consumption of sunflower seed oil in Canada is forecasted to rise modestly from 54.0 thousand metric tons in 2024 to 56.0 in 2028. This represents a compound annual growth rate (CAGR) of approximately 0.91% over the five-year period. The year-on-year increase from 2026 to 2027 and from 2027 to 2028 is noted at about 1.82%. In comparison, the actual consumption in 2023 was slightly lower, around 53.0 thousand metric tons.
Future trends to watch for include:
- Potential shifts in consumer preferences towards healthier cooking oils, which could impact growth rates.
- Market dynamics driven by changes in domestic production and import policies.
- Fluctuations in global supply chains affecting availability and pricing.