In 2023, the import volume of bobbins and spools of paper, excluding those for textile yarn, to Canada was approximately 9.35 million kilograms. The forecast for 2024 is set at 9.74 million kilograms, indicating a projected growth of around 4.1% year-on-year. Continuing this upward trend, 2025 expects a 3.9% increase with imports reaching 10.13 million kilograms. By 2028, imports are predicted to rise to 11.25 million kilograms, marking a 4.1% increase from the previous year. The compound annual growth rate (CAGR) over these five years is projected at approximately 4.0%.
Looking ahead, key trends to watch include potential changes in global trade agreements, evolving Canadian demand for industrial packaging solutions, and developments in sustainable and biodegradable materials. These factors might influence the volume and types of bobbins and spools imported. Increasing emphasis on environmental regulations could drive innovation, affecting import dynamics in the long term.
