The import value of Vinyl Polymers and Halogenated Olefins to Canada has shown variability from 2013 to 2023. Starting at 52.838 million USD in 2013, it experienced fluctuating growth and reductions, hitting a low in 2014 before gradually trending upwards, reaching 56.516 million USD in 2023. The observed CAGR for the most recent five years (2019-2023) is 1.32%, indicating a modest overall growth rate.
- Year-on-year (YoY) variation for 2022-2023 stood at 1.77%.
- For 2021-2022, the YoY variation was 7.2%.
The forecast suggests a continuous but slow growth with projected imports increasing to 61.5 million USD by 2028, driven by a forecasted 5-year CAGR of 1.39% and a total forecasted growth rate of 7.13% over the same period.
Future trends to watch for include potential impacts from shifts in global trade policies, advancements in polymer technology, and changes in demand from key industrial sectors within Canada. Tracking these trends will be essential for understanding market dynamics and making informed strategic decisions.
