In 2023, the import value of artificial waxes and prepared waxes of polyethylene glycol to Canada stood significantly higher than subsequent forecasted years. From 2024 onwards, there's a consistent annual decline, from $1.8 million in 2024 to $1.0688 million in 2028.

Year-on-year variation reveals a clear downward trajectory: from 2024 to 2025, a 10.44% drop; from 2025 to 2026, a 11.46% decrease; further, a 12.68% decline to 2027, and a final 14.24% decrease to 2028. The compound annual growth rate (CAGR) indicates a sustained annual reduction.

Future trends to watch for include:

Potential shifts in Canada's demand driven by industrial needs, sustainability concerns, or market diversification.
Impact of global trade policies or international competitiveness on Canada's sourcing.
Technological advancements affecting production, costs, or alternative products.