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.