The import of Polyethylene Terephthalate (PET) to Canada is forecasted to decrease from 2024 to 2028, starting from 104.16 million USD in 2024 and reducing yearly down to 91.291 million USD by 2028. The year-on-year variation shows a consistent decline, with the upcoming years indicating a drop of about 3% annually. Given this context, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 suggests a steady negative growth, reflecting a diminishing trend over the five-year period.
Future trends to watch for include potential shifts in global PET supply chains, impacts of environmental regulations, and technological innovations in recycling which may alter the demand dynamics for virgin PET imports. Additionally, Canada's focus on sustainability might stimulate local production and influence import volumes.
