In 2023, the re-import value of binder or baler twine of polyethylene or polypropylene to Canada was recorded at 46.2 thousand USD. Forecasted data for the following years shows a steady growth rate: 6.73% in 2024, 6.74% in 2025, 6.46% in 2026, 5.7% in 2027, and 5.3% in 2028. Over the five-year period, this reflects a compound annual growth rate of 6.185%.
Future trends to watch for include global economic conditions affecting commodity prices, advancements in agricultural technologies impacting demand, and potential shifts in international trade regulations that might influence import dynamics.
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