The value of exports of printing ink other than black from Canada has demonstrated fluctuations over the past decade, showing a mix of growth and decline. Notably, the year 2020 saw a significant drop of 16.04%, likely influenced by the global pandemic, followed by a strong recovery in the subsequent years. By 2023, exports stood at 42.124 million USD, marking a modest 0.9% year-on-year growth from 2022. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) was constrained to 0.43%.
Future projections forecast steady but slow growth, with exports expected to rise to 43.959 million USD by 2028, reflecting a five-year CAGR of 0.73%. Key trends to watch include shifts in global demand, technological advancements in printing inks, and economic recovery post-pandemic which may influence these figures.
