In 2024, the forecast for basic chemical manufacturing opening inventories in Canada begins at 1.3223 billion Canadian dollars. Each subsequent year shows a consistent growth pattern, with 1.3362 billion in 2025, 1.3499 billion in 2026, 1.3635 billion in 2027, and 1.3769 billion in 2028. This data excludes the actual figure for 2023.
Key year-on-year trends indicate a steady increase, with around a 1% annual growth rate in basic chemical inventory values. This translates to a Compound Annual Growth Rate (CAGR) of roughly 1% over the five years from 2024 to 2028.
Future trends to watch include potential impacts of global supply chain disruptions and government regulations aimed at sustainability, which could influence inventory levels in the coming years.
