In 2023, the re-import of unsaturated polyesters to Canada was lower than projected values for 2024 and subsequent years. From 2023 to 2024, a notable rise is expected. Proposed forecasts from 2024 to 2028 reveal a declining trend in re-import values, with a steady year-on-year decrease. Specifically, each successive year shows a reduction in value compared to the previous year—indicating a consistent contraction at an approximate compounded annual growth rate (CAGR).
Future trends to monitor include:
- Factors affecting demand, such as shifts in domestic manufacturing capabilities or environmental regulations.
- The influence of global supply chain dynamics and trade policies on imports.
- Technological advancements that impact the production and use of unsaturated polyesters.