In 2023, the actual re-import of polymers of styrene, excluding SAN or ABS, to Canada stood at 610.00 thousand kilograms. For the upcoming years, forecasted figures reflect consistent growth: 2024 (644.52), 2025 (687.87), 2026 (730.36), 2027 (771.99), and 2028 (812.79) all in thousand kilograms. The year-on-year growth for 2024-2025 is expected to be approximately 6.73%, and similar upward trends are observed annually until 2028. The compound annual growth rate (CAGR) over this period is estimated to be around 6.00%, indicating a steady increase in re-import volumes.
Looking into the future, critical trends to monitor include the potential impact of trade negotiations, advancements in recycling technology that may alter demand for re-imports, and any regulatory changes affecting polymer trade. Moreover, shifts in global production locations for styrene polymers could influence Canada’s import needs.
