Forecast: Import of Polyvinyl Chloride to Canada

The import of Polyvinyl Chloride (PVC) to Canada stood at 495.39 million kilograms in 2023, showing a 1.37% increase from the previous year. Over the last two years (2022-2023), there was a consistent rise in imports, with the volume increasing by 6.76% in 2022 and 1.37% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was approximately -0.22%, indicating a slight decline in the average annual growth rate.

Future projections suggest a positive growth trend, with imports expected to reach 528.93 million kilograms by 2028. The forecasted CAGR over the next five years (2024-2028) is anticipated to be 1.09%, translating to an overall growth rate of 5.57%. This indicates a moderate but steady increase in PVC imports.

Future trends to watch for:

  • Changes in global PVC supply chains and production capabilities.
  • Economic factors influencing construction and manufacturing industries in Canada.
  • Environmental regulations impacting the production and use of PVC.