From 2013 to 2023, the import value of plastics waste or scrap to Canada has shown fluctuations, often dipping below the previous year's figures. The import value in 2023 stood at 70.074 Million US Dollars, marking a modest decline of 0.85% from 2022. The Compound Annual Growth Rate (CAGR) over the last five years is -0.97%, indicating a stable yet slightly declining trend in imports. The forecasted data from 2024 to 2028 suggests a continuous, albeit slow, decline with a forecasted 5-year CAGR of -0.72% and an overall 3.54% decrease over this period.
Future trends to watch for include advancements in recycling technologies, international policies affecting plastic waste trade, and domestic initiatives towards sustainability which may further influence Canada's import volumes of plastics waste or scrap.
