Between 2014 and 2023, Canada's vegetable oil export volume shows a general upward trend with annual variations. The most significant growth occurred from 2015 to 2016 at 12.84% and from 2016 to 2017 at 4.2%. Over the last five years, the average compound annual growth rate (CAGR) was 2.45%, with declines noted in 2022. However, an optimistic forecast CAGR of 1.29% suggests continued growth, reaching 4.24 million metric tons by 2028.
Future Trends: Watch for shifts in global demand, potential trade policies, and fluctuations in production efficiency. Emphasis on sustainability within the agricultural sector may also influence export volumes.
