The import of polystyrene waste or scrap to Canada has shown considerable fluctuations over the past decade. The volume of imports rose significantly from 2013 to 2017, peaking in 2017, followed by some volatility from 2018 to 2022. In recent years, from 2022 to 2023, the year-on-year variation was 2.4%, marking a moderate increase. The imported volume stood at 10.036 million kilograms in 2023. Over the past five years, the CAGR was modest at around 2.24%.
Looking ahead, the forecasted data suggests a steady upward trend in the import of polystyrene waste or scrap, reaching approximately 11.236 million kilograms by 2028. The forecasted 5-year CAGR is 1.83%, indicating sustained growth.
Future trends to watch for include potential regulatory changes, advancements in recycling technology, and shifts in global supply chains, which could significantly impact the volume and value of polystyrene waste imports to Canada.