In 2023, the re-import of phenol to Canada was valued at $9.80 thousand. Over the forecast period from 2024 to 2028, a modest and consistent growth is expected. Year-on-year analysis shows an average annual increase of approximately 1.55% from 2024 to 2028. The compound annual growth rate (CAGR) over this five-year forecast is projected to be about 1.56% annually, indicating gradual upward movement in the re-import value of phenol.
Future trends to watch include potential impacts from regulatory changes regarding chemical imports, shifts in demand due to technological or manufacturing innovations, and global supply chain fluctuations, which could influence phenol import demands and market pricing.
