In 2023, the re-import value of paper or paperboard containers, packing items, and box files to Canada stood at $3.2561 million. The forecast from 2024 to 2028 shows a steady upward trend, with values projected to rise annually from $3.3565 million to $3.7445 million. Year-on-year growth remains consistent, averaging around 2.8% over this period. The compound annual growth rate (CAGR) over the five years is approximately 2.8%, indicating a stable increase in demand.
Future trends to watch for include:
- Shifts in global demand for sustainable packaging.
- Advancements in recycling technology potentially affecting re-import volumes.
- Trade policy changes influencing cost and supply chains.