In 2023, the import of tanning, dyeing extracts, tannins, and pigments to Canada was valued at 2.507 billion US dollars. From 2024 onwards, forecasts indicate a steady increase in import values. The expected growth rates reveal an annual rise of approximately 1.61% from 2024 to 2025, 1.55% from 2025 to 2026, 1.50% from 2026 to 2027, and 1.45% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 stands at about 1.52% per year.

Future trends to monitor include:

The impact of economic policies on trade dynamics and import tariffs.
Technological advancements that might alter the demand for specific pigments and dyes.
Environmental regulations that could affect the supply chain and production processes.