The import value of activated carbon to Canada experienced variable trends from 2013 to 2023. After a consistent growth from 2013 to 2014, the market saw a decline in 2015 and 2016, followed by modest recovery in the subsequent years. A significant dip occurred in 2020, but this was followed by strong recoveries in 2021 and 2022. In 2023, the import value stands at 66.071 million USD, marking a 2.44% increase from the previous year. The five-year Compound Annual Growth Rate (CAGR) from 2019 to 2023 is 3.03%.
For future trends, it’s expected that the imports will continue to grow, albeit at a slower pace, with a projected five-year CAGR of 1.86% and an overall growth of 9.67% by 2028. This indicates a stable but moderate upward trend in the import value of activated carbon to Canada.
Future trends to watch for include:
- Environmental regulations driving demand
- Technological advancements in filtration and adsorption processes
- Global supply chain impacts and pricing dynamics
