The forecast for the re-import of Ethylene Glycol to Canada from 2024 to 2028 shows a declining trend. From 2024, valued at $112.93 thousand, a consistent drop is projected annually, reaching $102.43 thousand by 2028. In prior years up to 2023, the re-imports were higher, indicating a continued downward trajectory. The year-on-year decrease is about 2.4%, and the compounded annual growth rate (CAGR) over these five years is approximately -2.4%, highlighting a persistent reduction in imports of this chemical.
Future trends to watch include potential shifts in industry demand and domestic production capacity, which could alter re-import needs. Additionally, fluctuations in oil prices and global supply chain stability might impact these forecasts.
