The forecasted import value of Vinyl Polymers to Canada is projected to grow steadily from 2024 to 2028, starting at $110.21 million in 2024 and reaching $114.81 million by 2028. This reflects an average annual growth rate (CAGR) of approximately 1% over the five-year period. When compared to the actual data from 2023, there is a consistent year-on-year increase, with modest variations in the range of 1% to 1.5% each year.
For 2024, the value of imports stands at $110.21 million, representing the starting point for the forecasted data. The projected figures demonstrate a positive trend, indicating stable demand and possible growth in applications that use Vinyl Polymers in Canada.
Future trends to watch for include potential market shifts due to technological advancements in polymer applications, changes in trade policies, and environmental regulations that may influence import dynamics. Additionally, exploring sustainable and eco-friendly polymer alternatives could impact future import values and market behavior.