In 2023, the re-import of vinyl chloride copolymers to Canada stood at a certain value, and is forecasted to grow progressively from 2024 to 2028. The year-over-year growth is steady, with an approximate increase of around 4-5% annually. Specifically, the compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is anticipated to be positive, indicating a healthy upward trend in the volume re-imported. This suggests a strong and consistent demand or strategic need to re-import these copolymers in Canada.
Future trends to watch for include:
- Fluctuations in global supply chain dynamics that could affect import volumes.
- The impact of domestic production capabilities on the need for re-import.
- Regulations and trade policies impacting the chemical industry.
