In 2023, Canada's import of calcined petroleum coke was reported at a certain value. Forecasts for the period from 2024 to 2028 show a consistent decline from $127.15 million to $109.84 million, indicating an annual average decrease. The calculated year-on-year percentage decrease is observed throughout, reflecting a downward trend. The compound annual growth rate (CAGR) over this period further highlights this negative trend.
Future trends to watch for include:
- Potential changes in global demand for refined petroleum products impacting imports.
- Shifts in Canadian industrial requirements or alternative fuel adaptations.
- Market volatility influenced by geopolitical factors and environmental regulations.
