In 2023, the import of plastic floor, wall, and ceiling coverings to Canada was valued at $53 million. Forecasts indicate a steady growth in imports from 2024 to 2028. Specifically, the year-on-year growth rates are as follows: 3.8% in 2025, 3.6% in 2026, 3.4% in 2027, and 3.2% in 2028. The Compound Annual Growth Rate (CAGR) over these five years is 3.5%.
Future trends to watch for include:
- Sustainability preferences influencing material choices and regulations.
- Technological advancements in manufacturing and design.
- Potential trade policy changes affecting import costs and volumes.
- Shifts in consumer demand towards non-vinyl products due to health concerns.
