In 2023, the import value of unsaturated polyesters to Canada was a critical data point. From 2024 onwards, forecasts indicate a steady year-on-year increase in value, suggesting a growing demand. The projections for the years 2024 to 2028 show a positive trend, with annual imports predicted to rise from $132.03 million to $140.58 million. The average compound annual growth rate (CAGR) over these five years is an important metric, illustrating a continued upward trend.
Future trends to watch for include:
- Potential changes in trade policies impacting imports.
- Fluctuations in global polyester prices affecting costs.
- Advancements in alternative materials that may influence demand.
- Environmental regulations that could alter production and import dynamics.
