In 2023, Canada imported 21.5 thousand metric tons of rapeseed oil. The forecast for 2024 predicts a stable import volume of 22.0 thousand metric tons, continuing for 2025. A slight increase is expected in 2026 at 23.0 thousand metric tons, which remains steady through 2028. Year-on-year variation shows consistent growth in imports, with a Compound Annual Growth Rate (CAGR) reflecting modest expansion over the forecast period.
Future trends to watch for include:
- Potential impacts of trade policies and tariffs on import dynamics.
- Shifts in consumer preferences towards alternative oils affecting demand.
- Environmental policies influencing domestic production capabilities.
