In 2023, the import value of liquefied propane to Canada stood at [insert 2023 value]. Forecasts from 2024 to 2028 suggest a steady increase, with values rising from $78.9 million in 2024 to $81.838 million in 2028. The year-on-year growth shows a consistent upward trend, with variations indicating gradual market expansion. The Compound Annual Growth Rate (CAGR) for 2024-2028 indicates a modest but stable growth trajectory.
Future trends to watch for include:
- Fluctuations in global energy prices and their impact on import costs
- Shifts in Canada's energy policy and its emphasis on greener energy sources
- Market dynamics in major supplier regions affecting import stability
