The forecasted import of phenols and phenol-alcohols to Canada shows a consistent decline from 2024 to 2028, with values decreasing from 56.719 million USD to 43.691 million USD. While the data for 2023 is not provided, the downward trend is clear, reflecting a year-on-year decline throughout the forecast period. The Compound Annual Growth Rate (CAGR) based on the forecast indicates an average annual decrease, suggesting diminishing import demand or increasing local production capacity.

Future trends to watch for in this sector include:

Changes in local production capacities that could impact import needs.
Shifts in global supply chains affecting import availability or costs.
Regulatory changes that could influence phenol usage or alternatives.
Economic factors that may alter demand projections, such as industry growth or decline.