The re-import of polyethylene with a specific gravity of 0.94 or more to Canada shows a steady increase from 2024 to 2028, based on forecasted data. The value is projected to rise from $3.4732 million in 2024 to $3.7382 million in 2028. Given a stagnant market in 2023 at approximately $3.40 million, there is a discernible upward trend.
Year-on-year percentage increases demonstrate a consistent growth trend:
- 2024 vs 2023: approximately 2.04% growth.
- 2025 vs 2024: approximately 1.96% increase.
- 2026 vs 2025: approximately 1.89% rise.
- 2027 vs 2026: approximately 1.82% growth.
- 2028 vs 2027: approximately 1.75% increase.
Over the 5-year period, a compound annual growth rate (CAGR) of around 1.78% is noted.
Future trends to watch for include potential impacts from shifts in global supply chains, advancements in recycling technology and sustainability trends, and demand fluctuations driven by economic conditions and policy changes affecting import-export dynamics. These factors could further influence the re-import market landscape in Canada.
