In 2023, the import of unsaturated polyesters to Canada stood at an actual value of 62.91 million kilograms. The forecasting data for the following years shows a steady year-on-year increase: 2024 (63.97 million kg), 2025 (65.06 million kg), 2026 (66.12 million kg), 2027 (67.17 million kg), and 2028 (68.20 million kg). This represents a consistent annual growth rate reflecting a positive trend in imports. Specifically, the projected compound annual growth rate (CAGR) over the 2024-2028 period is approximately 1.5%.
Key future trends to watch for include:
- Changes in global supply chain dynamics affecting polyester availability and pricing.
- Canada’s industrial demand, particularly in manufacturing sectors using unsaturated polyesters.
- Environmental regulations influencing the chemical production industry.