From 2018 to 2022, Canada's import of pigments and preparations based on chromium compounds experienced a consistent negative trend. The value in thousand kilograms reduced significantly from 175.99 in 2018 to 31.06 in 2022. Year-on-year variation percentages indicate a compound annual growth rate (CAGR) of approximately -27%, suggesting a strong decline in demand or a shift towards alternatives.
In 2023, the trend was expected to stabilize, maintaining close to the previous year's levels without significant rebound. Moving forward, it is crucial to watch for:
- Environmental policies influencing chromium-based imports.
- Technological advancements aiming at alternative pigments.
- Market demand fluctuations in sectors utilizing these compounds.
