The forecast for Canada's import of Polyethylene Terephthalate (PET) shows a gradual decline from 2024 to 2028, starting at 89.718 million kilograms in 2024 and reducing to 84.642 million kilograms by 2028. As of 2023, the import quantity was slightly above 89.718 million kilograms, indicating a trend of decreasing import levels over the forthcoming years.
Year-on-year variations illustrate a steady decrease, with an overall compound annual growth rate (CAGR) projecting a modest downturn of approximately 1.5% from 2024 to 2028.
Future trends to watch for include potential impacts on import levels due to advancements in domestic recycling technologies, changes in environmental regulations, or shifts in regional trade agreements that could affect supply chains and PET demand in Canada.
