The import of waste and scrap of paper and paperboard to Canada is forecasted to decrease steadily from 2024 to 2028, starting at 115.8 million USD in 2024 and reaching 104.18 million USD by 2028. This represents a consistent decline over these years, with the compounded annual growth rate (CAGR) indicating a gradual decrease in value. In 2023, the import value for these goods stood at a slightly higher level than in 2024, highlighting the downward trend beginning from 2024.
Future trends to watch for include:
- Changes in global recycling regulations, which might impact the trade in waste paper.
- Technological advancements in paper recycling processes that may alter the need for imported waste.
- Fluctuations in demand for recycled paper products, potentially affecting import levels.