The forecasted import volume of ethylene to Canada shows a substantial declining trend from 2024 to 2028. Starting at 175.04 thousand kilograms in 2024, it drops progressively each year to reach 88.56 thousand kilograms by 2028. Compared to the actual import quantity in 2023, which stood at 200 thousand kilograms, this indicates a steady annual decrease. From 2024 to 2025, there is a 12.7% decline, followed by a 14.3% decrease in 2026, 16.4% in 2027, and a further 19.1% drop in 2028. The compound annual growth rate (CAGR) over the five-year period is negative, indicating an average annual reduction.
Future trends to watch include potential shifts in Canadian domestic production capabilities, changes in international market dynamics influencing ethylene availability and prices, technological advancements affecting usage patterns, and evolving environmental regulations that could impact both supply and demand.
