Forecast: Import of Petroleum Resins, Coumarone, Indene, Polyterpenes to Canada

The import of petroleum resins, coumarone, indene, and polyterpenes to Canada shows a declining trend from 2024 to 2028. The forecasted values express a gradual decrease in import value, dropping from 31.275 million USD in 2024 to 31.117 million USD by 2028. Prior to 2024, the actual import status for 2023 stood at a slightly higher value, reflecting a softening demand or market adjustments. The year-on-year percentage change is consistently negative, while the compound annual growth rate (CAGR) over the five years reflects a slight reduction in the annual value by a small percentage.

Future trends to watch include:

  • Global oil price fluctuations impacting raw material costs.
  • Trade policy changes or tariffs affecting import dynamics.
  • Technological advancements influencing the manufacturing process and competition.
  • Shifts in domestic production capacity or product substitutes in the market.

Top Countries about Synthetic Resin