In 2023, the re-import of acrylic acid and its salts to Canada was reported at 21.10 thousand kilograms. The forecasted data for 2024 to 2028 shows a consistent annual increase in re-imports, from 22.31 thousand kilograms in 2024 to 27.15 thousand kilograms in 2028. This represents an annual growth rate (CAGR) of approximately 5.0% over the five-year period.
- Year-on-year growth rate for 2024 is expected at around 5.7%
- Year-on-year growth rate for 2025 is projected to be approximately 5.6%
- Year-on-year growth rate for 2026 is forecasted at 5.17%
- Year-on-year growth rate for 2027 is anticipated at 4.84%
- Year-on-year growth rate for 2028 is about 4.50%
The consistent upward trend can be attributed to the growing demand in various industrial applications. Drivers such as increasing end-use industry needs and potential diversification of suppliers could significantly influence future growth. However, keep an eye on potential regulatory changes and supply chain disruptions that might impact this forecast.
