The import of non-expansible polystyrene to Canada is projected to decrease steadily from 2024 to 2028. In 2024, imports are forecasted at 61.878 million kilograms, declining annually to 54.38 million kilograms by 2028. This consistent decrease reflects a year-on-year reduction, portraying a decreasing demand or shift in sourcing strategies. The compound annual growth rate (CAGR) over this forecasted period suggests a shrinking market presence for this material.
Future trends to monitor include:
- The impact of environmental policies encouraging sustainable alternatives.
- Potential shifts in the manufacturing sectors that utilize polystyrene.
- Global market fluctuations affecting trade balances and pricing competitiveness.