In 2023, Canada re-imported lactones at a volume lower than the anticipated levels for 2024, based on a steady decline forecast. Starting in 2024 at 59 kilograms, the re-import of lactones is expected to decrease over the next few years, reaching 17.8 kilograms by 2028. The year-on-year declines reflect a consistent downward trend, with each successive year's value being significantly lower than the previous year.
Future trends to watch for include assessing the drivers behind this decreasing trend, such as potential shifts in local production, changes in demand for lactones, or developments in alternative sources. Monitoring trade policies and economic conditions could also provide insights into these trend dynamics.
