The import of cyclan-, cyclen-, cycloterpen-poly-carboxylic acids to Canada is projected to decrease steadily over the next five years. Starting from 1.0559 million kilograms in 2024, the volume is expected to decline to 0.9795 million kilograms by 2028, indicating a consistent downward trend. This trend reflects a year-on-year average decrease of approximately 1.5%. In 2023, the volume was observed at 1.0752 million kilograms, marking a nearly 1.8% fall annually when calculated using compound annual growth rate (CAGR) over the projected period. This indicates a continually contracting demand or increased domestic production capacity.
Future trends to watch for include potential changes in global supply chains, technological advancements in synthesis, domestic demand shifts, and policy changes regarding chemical imports. These factors could alter the forecasted decline, either stabilizing imports or causing further volatility.
