As of 2023, the import value for crude glycerol, glycerol waters, and lye to Canada stood at an undisclosed baseline in the data available. From 2024 onward, forecasts predict a consistent upward trend in import value, starting at $3.165 million in 2024 and climbing to $3.3916 million by 2028. The year-on-year growth rates suggest a stable increase, indicating a growing demand or reliance on these imported materials.
Future trends to watch for include:
- Potential fluctuations in global glycerol prices affecting import costs.
- Environmental regulations impacting glycerol production or importation policies.
- Technological advancements in local production potentially reducing import reliance.