The forecast for the re-import of lubricating preparations and those used in oil or grease treatment of textiles to Canada indicates a steady growth from 2024 to 2028, with values increasing from 1.3673 million USD in 2024 to 1.5563 million USD in 2028. This suggests a consistent year-on-year growth. The 5-year compound annual growth rate (CAGR) from 2024 onward is modest, reflecting a stable market recovery. In the past, specifically 2023, the actual figures were lower than those forecasted for 2024.
Future trends to watch for include potential impacts of technological advancements in textile treatment processes and international trade policies, which may affect the demand for these lubricating preparations in Canada. Monitoring changes in global raw material prices and regulations could further influence market dynamics in this sector.
