The data shows that South Africa's exports of chemicals and chemical products to Canada experienced fluctuations between 2013 and 2023. Values were highest in 2014 at 20.622 million USD but dropped significantly to their lowest point in 2016 at 10.986 million USD. The 2023 value stood at 12.024 million USD. Over the last two years, the year-on-year variations were 3.91% in 2022 and -1.27% in 2023, indicating decreasing momentum. The 5-year CAGR up to 2023 was -1.67%, demonstrating a general downturn.
Future trends indicate a continued decline, with forecasted values dropping to 11.179 million USD by 2028. Notable is the forecasted 5-year CAGR of -1.09%, suggesting a sustained but gradual decline in export values. Key future trends to watch for include changes in global trade policies, production costs, and market demand fluctuations, which could impact overall export performance.
