Based on the historical data of polypropylene exports from Canada, there is a notable downward trend in recent years. In 2023, the export volume stood at 34.088 million kilograms, representing a -5.77% year-on-year variation from 2022. Over the past two years, this negative trend persisted with declines in both 2022 and 2023. Reviewing the last five years, the compound annual growth rate (CAGR) is -2.75%, reflecting a consistent decrease in export volumes.
Looking towards the future, forecasts indicate continued declines, with the export volume reaching just 23.08 million kilograms by 2028. The forecasted CAGR over the next five years is anticipated to be -6.13%, corresponding to a total decline of 27.1% in export volume.
Future trends to watch for:
- Potential impacts of global market demand for polypropylene.
- Changes in trade policies and tariffs affecting international exports.
- Technological advancements in production efficiency and environmental regulations.
- Economic shifts and their influence on production costs and export capacities.