The forecasted data for the import of benzene to Canada indicates a steady growth from 86.991 million kilograms in 2024 to 94.666 million kilograms in 2028. The data points to a consistent annual increase, with values showing progressive growth year-on-year: 2.26% in 2025, 2.17% in 2026, 2.09% in 2027, and 2.01% in 2028. The compound annual growth rate (CAGR) over the projected period is approximately 2.13%, suggesting a stable and gradual upward trend in benzene imports.
Future trends to watch for include potential impacts of policy changes on chemical imports, environmental regulations, and international trade agreements, which could affect these forecasted growth rates. Additionally, technological advancements in alternative materials could influence benzene demand.
