The import value of polyethylene having a specific gravity of less than 0.94 to Canada is forecasted to decline steadily from 2024 to 2028. The value decreases from $364.87 million in 2024 to $360.69 million by 2028. Comparatively, in 2023, the actual import value stood higher, indicating a downward trend.
Between 2024 and 2025, there’s a slight decrease in imports by approximately 0.3%. This trend continues with marginal annual declines through to 2028. The compound annual growth rate (CAGR) over the five-year forecast period from 2024 indicates a gradual contraction in import values.
Future trends to watch for include changes in global polyethylene supply dynamics, potential shifts in Canadian manufacturing demand, and policies affecting trade tariffs or environmental regulations that could influence import levels and industry activities.
