The re-import of adipic acid to Canada shows a declining trend from 2024 through 2028, decreasing from 10.31 to 4.79 thousand kilograms. This represents a compound annual growth rate (CAGR) of -13.71% over this period. In 2023, the volume was higher than the initial forecasted value for 2024, indicating a notable downward trend. The consistent year-on-year decrease highlights diminishing demand or a shift in supply dynamics for adipic acid in Canada.
Future trends to watch for include potential changes in domestic production capabilities, shifts in global tariffs or import regulations, and technological advancements in alternative materials that may impact the demand for adipic acid. Monitoring environmental policy changes concerning adipic acid production and usage could also be crucial in understanding future market dynamics.
- 2024: 10.31 (Forecasted)
- 2025: 8.89
- 2026: 7.5
- 2027: 6.13
- 2028: 4.79