The forecasted re-import values of soaps, lubricants, waxes, candles, and modelling pastes to Canada show a steady upward trend from 2024 to 2028, increasing from $8.53 million to $9.33 million USD. Given that these figures are forecasted for the future CAGR, this represents an average annual growth of around 2.3% over the five-year period. In comparison, it reflects a consistent demand as Canadian industries and consumers increase reliance on these products.
Future trends to watch for include:
- Environmental regulations affecting the production and re-import of these goods.
- Technological advancements that could alter manufacturing processes and industry needs.
- Global economic factors influencing raw material costs and trade dynamics.
