In 2023, Canada did not record any re-import of perchlorates, bromates, and per-iodates of metal, indicating that the forecast growth commencing from 2024 represents a novel trade activity. From 2024 to 2028, the volume of re-imports is projected to increase gradually, reflecting a steady annual growth rate of approximately 1.9% year-on-year. This consistent upward trend underscores the growing demand or potential opportunities for re-importation in the Canadian market.
Future trends to watch for include:
- The potential impact of regulatory changes on the re-importation process.
- Technological advancements in chemical handling and safety that might drive import preferences.
- Market demand shifts in end-use industries that rely on these chemicals.