The re-import of resinoids to Canada is forecasted to decline steadily from 2024 through 2028. The 2024 value stands at 1.08 thousand US dollars, followed by consistent year-on-year decreases: 2025 (13% decrease), 2026 (14.68% decrease), 2027 (16.88% decrease), and 2028 (19.83% decrease). In 2023, the re-import value was notably higher, marking the onset of this downward trend. The compound annual growth rate (CAGR) over the forecasted period is approximately -14.67%, indicating a substantial year-on-year decline.
Future trends to monitor include potential shifts in global demand for resinoids, changes in trade regulations, or innovations in synthetic resinoid alternatives that could impact import dynamics.
