The import of non-expansible polystyrene to Canada is projected to decrease from 89.893 million USD in 2024 to 79.731 million USD by 2028. This reflects a consistent decline in the import value over the forecast period.
In 2023, the actual import value stood notably higher than the forecasted values for subsequent years, indicating a downward trend. Over the last two years leading into 2024, the import value has shown a decline of approximately 3% year-on-year, continuing this trend further into the five-year projected period. The estimated compound annual growth rate (CAGR) is negative, signaling a sustained reduction in import volumes.
Future trends to watch for include potential shifts in domestic production capabilities, changes in international trade agreements, and evolving demands for polystyrene alternatives due to environmental regulations. These factors may further influence the import landscape of non-expansible polystyrene in Canada.
