The import of polystyrene waste or scrap to Canada is projected to increase steadily from 2024 to 2028, with values rising from 10.285 million USD in 2024 to 11.521 million USD in 2028. Comparatively, in 2023, the value stood at a lower baseline, emphasizing a consistent upward trend. The year-on-year percentage increase from 2024 to 2025 is approximately 3.1%, followed closely by 3.0% from 2025 to 2026, 2.8% from 2026 to 2027, and around 2.7% from 2027 to 2028. The five-year compound annual growth rate (CAGR) indicates an average annual increase of about 2.9%.
Future trends to watch for include policy shifts regarding waste imports, advancements in recycling technologies, and fluctuations in global polystyrene prices. Environmental regulations may impact the volume and value of imports, necessitating close monitoring of international trade agreements and sustainability measures implemented within Canada.
