The import of wallpaper coated or covered with a decorated plastic to Canada is expected to decrease over the coming years, as illustrated by the forecast from 2024 to 2028. In 2023, the import value stood at 11.25 million USD, marking the baseline before the forecasted decline.
The following year-on-year variation indicates a consistent decline in import values:
- 2024: No change since it's the forecast year start.
- 2025: Approximately 3.4% decrease.
- 2026: Around 3.5% decrease.
- 2027: Approximately 3.5% decrease.
- 2028: Around 3.6% decrease.
The five-year compound annual growth rate (CAGR) reflects a steady negative trend, averaging around -3.7% per year, suggesting a consistent decline in demand or market shifts.
Future trends to watch include fluctuations in consumer preferences towards alternative wall coverings and sustainability impacts potentially driving the demand for imported decorated plastic wallpaper down over coming years.
