The forecasted re-import of propyl and isopropyl alcohol to Canada shows a steady increase from 2024 to 2028, growing from 123.84 thousand kilograms in 2024 to 131.92 thousand kilograms in 2028. Comparing with the 2023 figures, which stood at 121.8 thousand kilograms, the year-on-year growth rates are estimated at 1.7% for 2024, 1.7% for 2025, 1.6% for 2026, 1.6% for 2027, and 1.5% for 2028. The compound annual growth rate (CAGR) over this five-year period is expected to be approximately 1.62%.
Future trends to watch for include:
- Potential developments in supply chain efficiency, which could impact import volumes.
- Changes in global market demand for isopropyl alcohol, particularly in pharmaceutical and sanitation sectors.
- Regulatory changes impacting import policies and chemical usage in Canada.
