The forecast indicates a steady decline in the export volumes of Buta-1, 3-Diene and Isoprene from Canada from 2024 to 2028. In 2023, the actual volume stood at 74.3 million kilograms. Comparing year-on-year variations, there is a consistent reduction of approximately 0.49% each year over the next five years.
Analyzing the trend over the last two years, the total reduction amounts to around 0.93%, reflecting a slight but steady downward trend. The average compound annual growth rate (CAGR) over the next five years is anticipated to be approximately -0.5% per annum.
Future trends to watch for include changes in global demand for synthetic rubber, regulatory impacts on chemical exports, technological advances in production processes, and shifts in raw material availability, all of which could influence export volumes. Keeping an eye on these factors will be essential for making informed strategic decisions.
