In 2023, the re-import of lubricating oil additives without petroleum or bitumen oils to Canada stood at USD 17.12 thousand. The forecast data from 2024 to 2028 shows a consistent decline, with values dropping from 15.79 thousand USD to 10.5 thousand USD, indicating a clear downward trend. The year-on-year variations highlight a decline, with the most significant annual drop occurring in 2027 at approximately 9.99%. The 5-year Compound Annual Growth Rate (CAGR) reflects an average annual decrease of 9.43% over the forecast period.

Future trends to watch for:

Shifts in global supply chains and their impact on re-import volumes.
Technological advancements in oil additive formulations potentially impacting demand.
Regulatory changes in the oil and gas sector affecting import-export dynamics.