The import of ethylene glycol to Canada in 2024 is forecasted to be 10.715 million kilograms, a slight increase from the previous year, 2023. The year-on-year percentage variation over the subsequent years shows a consistent but minor growth, illustrating a steady rise in demand or reliance on this chemical. From 2024 to 2028, the compound annual growth rate (CAGR) remains stable, highlighting a trend towards gradual but moderate increase.
Future trends to monitor include:
- Potential developments in substitutes for ethylene glycol that could affect import demands.
- Changes in environmental regulations impacting ethylene glycol production and trade.
- Shifts in global supply chains and production efficiency that could impact import volumes.