The forecasted import value of polyethylene waste or scrap to Canada reveals a declining trend from 2024 onwards. In 2024, the value is projected at 6.9522 million USD, decreasing consistently to 4.1216 million USD by 2028. From 2023 to 2024, the trend shows a reduction of approximately 10.47%, continuing with a gradual decrease till 2028. The compound annual growth rate (CAGR) over the forecast period is negative, indicating an annual decrease.
- 2024: -10.47% from 2023
- 2025: -10.5% from 2024
- 2026: -11.49% from 2025
- 2027: -12.72% from 2026
- 2028: -14.26% from 2027
- CAGR: Trend of gradual annual decrease from 2024 to 2028
Future trends to watch for include global shifts in recycling policy, technological advancements in recycling, and changes in market demand for recycled polyethylene. These factors may influence import patterns and the market dynamics in Canada. Monitoring international trade agreements and environmental regulations will also be critical in predicting future trends.
