The forecasted import volumes of petroleum resins, coumarone, indene, and polyterpenes into Canada are showing a consistent and gradual decline from 2024 to 2028.
- In 2023, the import volume stood at approximately 11.8 million kilograms.
- From 2024 to 2025, a slight year-on-year decrease of approximately 2.7% is predicted.
- Similar decreases are seen year-on-year leading to a projected annual compound decline (CAGR) of about 2.7% from 2024 to 2028.
Future trends to watch for include potential shifts in demand due to evolving industrial requirements, advancements in alternative materials, and environmental regulations impacting imports. Monitoring global price fluctuations could also impact trade volumes and affect the Canadian market dynamics. Additionally, trade policies and bilateral agreements may play a crucial role in influencing future import patterns. Adapting to these changes will be key for stakeholders involved in the sector.
