In 2023, the re-import of polyethylene with a specific gravity of less than 0.94 to Canada stood at an actual volume that the forecast anticipates improving in the years to follow. From 2024 to 2028, a steady growth trajectory is expected, with the re-import volume rising from 3.5932 million kilograms to 4.242 million kilograms. The year-on-year growth rates are approximately 4.65% (2024 to 2025), 4.35% (2025 to 2026), 4.10% (2026 to 2027), and 3.85% (2027 to 2028). Over the five-year period, a compound annual growth rate (CAGR) can be estimated to indicate a healthy and sustainable increase.
Future trends to watch for include:
- Potential policy changes that could affect re-import regulations and impact volume.
- Technological advancements in polyethylene production that may influence import needs.
- Global market shifts and economic conditions that can alter demand for polyethylene.
